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Topic	America is a truly God awful country
Romulox28 10/20/17 10:14:18 AM #52:	FLUFFYGERM posted... You are definitely misinterpreting that. The collapse in 2007-2009 wasn't a consequence of people just living places. It was a consequence of a lot of people biting off much more home than they could afford or need. The same is true of car loans today. i thought it was more that banks were tricking people into taking on mortgages they couldnt really afford, and then started playing hot potato with the mortgages and bankers tried to get their paydays before the whole thing fell apart when people started defaulting and values dropped --- A Green Butter Alt http://i.imgur.com/LhwwG.gif <cite>Romulox28 posted [p:888790481] in America is... [t:75899483]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote>You are definitely misinterpreting that. The collapse in 2007-2009 wasn't a consequence of people just living places. It was a consequence of a lot of people biting off much more home than they could afford or need. The same is true of car loans today. </quote> i thought it was more that banks were tricking people into taking on mortgages they couldnt really afford, and then started playing hot potato with the mortgages and bankers tried to get their paydays before the whole thing fell apart when people started defaulting and values dropped --- A Green Butter Alt http://i.imgur.com/LhwwG.gif</quote> ... Copied to Clipboard!
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