Great housing price chart. Looks like we now have 2004 levels in late 2009.
So did CRA cause this steep growth?? The myth is that this growth could go forever and that the CRA crashed this great Bush party we had.
Hey, I know. The federal govt. can borrow money to buy up the “toxic” mortgages and give tax credits to homebuyers. Oh, wait....
So did CRA cause this steep growth?? The myth is that this growth could go forever and that the CRA crashed this great Bush party we had.
I’m not saying CRA crashed the “Bush party” CRA was PART of the BUSH PARTY, and he took some credit for it when it was going well. It was already in place.
http://www.youtube.com/watch?v=Lr1M1T2Y314
http://www.youtube.com/watch?v=_MGT_cSi7Rs&feature=related