Quote:
Originally Posted by Dr Winston O Boogie jr
I don't think that supply and demand, which is the #1 rule of economics and will work perfectly if not interfered with, had anything to do with the bubble bursting in '08.
The problem with the housing market back then had more to do with inexpensive bad loans.
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But prices increased because of demand - true bad loans made that demand available to many people, but there were just as many not getting bad loans eager to get in on the action. Think maybe it was greed that spurred that whole fiasco - everyone wanting to get rich quic
k!