Do you understand politics at all?
Name a politician who is gonna say “ Homeownership is only for those of you who will pay your mortgage on time”
More than a lack of “bad” homeowners who were upside down when things collapsed you had a bunch of people who gamed the system and attempted to get rich on paper. Plus there was the packaging of good and bad loans and selling them as if they were all good.
Besides if we dont get back on track to where every body again wants to own their own home how well do you think our economy is going to do?
You guys who want to blame Bush are just sad delusional sick people
LOL!
Bush: By the end of this decade we will increase home ownership by at least 5.5 million minorities...dismantle barriers for home ownership
Bush: You don't have to have a lousy home for first time home buyers, you can have as nice of home as anyone else!
The sad part is, if you look at the actual timeline (instead of posting BS from YouTube), Bush 43 tried to warn us about Fannie and Freddie. So did Greenspan. Heck, so did McCain (imagine that!).
No one wanted to listen. Now, folks simply want to score political points. To prove how "conservative" they are. LOL