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Experts weigh in on housing crash


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2012 Oct 13, 8:41am   1,813 views  2 comments

by Biff Baxter   ➕follow (0)   💰tip   ignore  

http://www.mercurynews.com/business/ci_21761408/experts-weigh-housing-crash-went-went-wrong?source=Patrick.net

Reams have been written about the housing and credit crunch, but the root causes will probably be debated for decades. We asked several housing experts who attended a forum on California's housing market, sponsored by the USC Lusk Center for Real Estate and the online real estate service Zillow, in San Francisco Friday: "What would have prevented the housing and credit crash?" Here's what they said: "The events of the past six or seven years show that loose underwriting does nobody any favors. Foreclosures are terrible things for the families who experience them and for the communities that have large...

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1   taxee   2012 Oct 15, 1:20am  

Follow the money and you find the perps.

2   TMAC54   2012 Oct 15, 3:44pm  

The shameful truth is . While profits were being stirred in the infant & adolescent stages of the W.W.W. & all it's peripherals. We were still reeling, trying to figure out why home prices doubled from 1974 to 1980.
Maybe it was due to the banks rule change of lending to BOTH spouses instead of only one. OOOOH ! we can't admit that !!! We were ALWAYS respectful of our women folk. You won't find an x spurt publishing that truth.
Isn't denial grand. If you dunno the truth you're easy to burn.
If knowledge is power, what's denial of knowledge ?

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