Housing bubble part 2. You can now buy a brand new home for $1 down

Discussion in 'Economics' started by peilthetraveler, May 6, 2011.

  1. They are simply told what to say and do. Our economy is nothing more than a chronic asset inflation scheme, one after the next.
     
  2. So the secret to making money in our economy is to buy just 1 asset and then roll it into the next asset class after the bubble gets big. You can get rich without ever having produced anything.
     
  3. They are just making it easier to walk away.....thats quite the incentive.
     
  4. IMHO this is one of the biggest problems of our economy. The lack of production.
     
  5. LEAPup

    LEAPup

    +1
     
  6. olias

    olias

    So you'd like to see more government regulation, right? ...to prevent this kind of thing
     
  7. Rather than this they should bring back no doc loans but require 50% down.
     
    #10     May 6, 2011