Government interference in the free interactions of people(the market) is ALWAYS an attempt to cheat reality. Insane and childish. It’s a game of let’s pretend. Let’s pretend that everyone has earned and can afford a house. Let’s pretend that everyone is equally credit worthy. Let’s take money from some people and give it to others so we all can pretend that they are prosperous.
You can fool reality only for so long. Then it all comes crashing down. Reality always wins. Game Over.
It doesn’t help that our “leader” and “ruler” Obama is injecting instability at every level,,, intentionally.
His intent is to turn America upside down and in doing so is taking the world.
Prior to the bammer, America has always sought stability.
Anyone would be able to afford a house without credit, if this were a generation of builders and mechanics. But it’s not, and the parasites with incomes directly and/or indirectly from government have regulated against private property and small manufacturing rights.
Nearly all who feel smugly now will be deposed by a default, and tomorrow will belong to the low-techs. What is politically correct now will be gone.
Have fun. Scoff or prepare. Enjoy the slide.