Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: WalterSobchak2012

Florida and Arizona tanked because of the property market. Developers were building more homes than there was a demand for.


46 posted on 09/04/2011 7:56:12 AM PDT by gogogodzilla (Live free or die!)
[ Post Reply | Private Reply | To 29 | View Replies ]


To: gogogodzilla; WalterSobchak2012
[Developers were building more homes than there was a demand for.]

Uhuh.
 
Because, like the rest of the thieves riding in the sub-prime jackwagon - the Ponzi-scheme developers evidently believed they had a direct line to the teats of the fraudulently manufactured Long Horned RINOcRAT Cash-cow:

"Ooops"

A Republic is a system, of governance characterized by the Rule of Law; and when the Law fails, the Republic fails.
 
Where's LEO and RICO, RINOs?

55 posted on 09/04/2011 8:20:39 AM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
[ Post Reply | Private Reply | To 46 | View Replies ]

To: gogogodzilla
There was plenty of demand thanks to subprime mortgages given to anybody with a pulse. They wouldn't have built them if thousands of people a month weren't pouring into the state. Those people however couldn't afford a lot for a dilapidated trailer much less the houses the crooked bankers were installing them in.

And those people are now moving to Texas, congratulations.

87 posted on 09/04/2011 5:52:18 PM PDT by WalterSobchak2012
[ Post Reply | Private Reply | To 46 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson