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RE: The Cost of a Computer the Year You Were Born
What those last two charts make me think about was what fuck ups Obama and Bush were. The housing chart if extended to today has rebounded and in some markets surpassed the housing market crash lows.
notice when the dollar began to devalue.
methinks bush...and obama(thought he rilly rilly TRIED to destroy america) don't deserve all the credit.
to be honest I don't know how much influence either of them had on mortgage backed securities getting out of hand.
getting out of hand?
or being discovered?
getting out of hand, it's not a terrible idea in theory but they were making a lot of bad paper. Bundling a bunch of shitty loans does not make them a good loan.
bundling ANY loans doesn't seem particularly ethical or moral to me.
when
SUDDENLY...presto chango....a hundred (thousand...million..whatever) subprime, high risk, low value loans can go from low value to HIGH value...just because they were 'bundled'
Makes perfect sense to me (not)
bingo, and that was just one of the problems, often the loans were shittier than they were rated at because of all the no documentation loans and with people speculating and paying more for things than they were worth it was a perfect storm, we have a ways to go to get back there. Housing is going back up because people are getting jobs and getting raises, that's the way to do it.
I didn't play the game THEN.
and I'm not playing it now.
everything I buy is paid upfront..with cash.
no loans..(not even credit card debt)
Thanks to Steem
I don't mind spending other people's money when they will give it to me for less than I am getting for my money, Zuckerberg has a home loan because he pays only one percent interest.