Quote:
Originally Posted by merrylander
ZJ the real estate agents were telling them that the market was rising rapidly so yes flip and maybe make enough for a down payment on a regular mortgage. Otherwise with frozen wages they felt they would never get a home of their own. Landlords then had them by the short and curlies.
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I don't disagree with that either. But, what everybody seems to forget is that the government was complicit in this through several administrations.
And, I don't disagree with the sentiment that everybody should own their own home. Part of the whole debacle was government manipulation.
Of course, all parties get amnesia when it creates a bubble and crashes.
The skyrocketing prices of college tuition following government sanctioned loans is somewhat similar.