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Tight Lending And Other Urban Legends


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2015 Apr 9, 2:52pm   43,891 views  82 comments

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http://loganmohtashami.com/2015/04/09/tight-lending-and-other-urban-legends/

As many of my readers may be aware, my mantra since 2010 has been that We simply don’t have enough qualified home buyers in American, once you take away the cash buyers, to have a real economic recovery in housing . While some may be tired of this refrain, there remain a number of highly respected housing gurus who continue to profess that it is unfairly tight lending standards, not the lack of qualified buyers that are suppressing a housing recovery. The difference is not academic.

#housing

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82   indigenous   2015 Apr 13, 8:02am  

Logan Mohtashami says

It is what it is. I try to sympathize with the MMT crowd but the way the explain currency model borrowing just won't take hold to the general public. They need a more charismatic spokesperson to try to explain their thesis

Yup, the MMTs in large part are responsible because of the floating exchange rate and targeted 2-3% inflation started by Nixon.

But it is irrelevant because it really is just a case of tyranny by the majority.

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