Basically Americans got f.uckered by Banks and the Govt.

isn't this the same trend as in the early 90's? Right after bush senior didn't the housing market take a big slip? I say it took Clinton 4 years to fix that mess, so within the next 3-5 years the housing market might bounce back. Its just hard to say exactly what the long term side effects of the sub prime crash will have.. I suspect things will be ok though.

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quote:

Originally posted by MichaelConway00 isn't this the same trend as in the early 90's? Right after bush senior didn't the housing market take a big slip? I say it took Clinton 4 years to fix that mess, so within the next 3-5 years the housing market might bounce back. Its just hard to say exactly what the long term side effects of the sub prime crash will have.. I suspect things will be ok though.

Not the same at all, potential homeowners were'nt jumping into a pit full of spikes that was covered by what looked to be a pillow, geniously put there by the banks/govt. Lets just hope Obama and his adminstration are not as crooked as the past 8 years have been.