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Hippiekinkster -> Barney Frank DIDN'T Make Congress His Bitch! (12/12/2011 11:01:10 PM)
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And bankers weren't forced by the ZOG to give free money to welfare "ethnics" either.
Then what caused the housing bubble?
"Holy Homeflippers, Batman! I think I know...!"
"That's right, Robin"
"More than a third of all U.S. home mortgages granted in 2006 went to people who already owned at least one house, according to the report. In Arizona, California, Florida and Nevada, where average home prices more than doubled from 2000 to 2006, investors made up nearly half of all mortgage-backed purchases during the housing bubble. Buyers owning three or more properties represented the fastest-growing segment of homeowners during that time.
“This may have allowed the bubble to inflate further, which caused millions of owner-occupants to pay more if they wanted to buy a home for their family,” the researchers noted.
Investors defaulted in large numbers after home values began to drop in 2006. They accounted for more than 25 percent of seriously delinquent mortgage balances nationwide, and more than a third in Arizona, California, Florida, and Nevada from 2007 to 2009. Ebil Leebril Medium Linkety-Link
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