Re:The Self-Destruction of the 1 Percent
by maxerickson on Sunday October 14, 2012 @02:40PM
(#4652152)
I don't think it is obvious that decades and decades of appreciating home values were unrelated to a housing bubble.
It certainly wasn't the immediate cause, but I think it probably helped set the stage (it would be really interesting to have an alternate Earth where we could look and see what happened without that particular government meddling).
It certainly wasn't the immediate cause, but I think it probably helped set the stage (it would be really interesting to have an alternate Earth where we could look and see what happened without that particular government meddling).