You still refuse to recognize any personal responsibility when it comes to buying a house. Lending rules can be relaxed all you want, if there are not buyers willing to purchase, the transaction will not happen.
Again, lenders wrote risky loans to unqualified borrowers, because Freddie and Fannie, two government organizations, were purchasing those loans.
Government completely distorted the market and buyers were willing accomplices.
No, the buyers should be held accountable; I agree. I do not agree that government owes them anything. To this day I don’t understand why the government got involved in restructuring their owns.
ex animo
davidfarrar