A US housing bubble was behind the last one. And…
I just bought a new house. One of the reasons home prices are going up is that interest rates are going up and people want to get locked in to lower rates. The trend is up.
btw, do you have access to the article in its entirety? I’d be interested in reading it.
What is similar to what?
Guy
Would you mind explaining something, Rollo? It’s been claimed by at least one Forumosan (Jotham? Ibis? Politbureau?) that the 2008 housing bubble was caused by the anti-market, socialist, utopian idea that everyone should own a house, as if the US government had been seizing property from landlords and giving it to the peasants, which doesn’t match the consensus that banks were simply giving loans more freely than before. I asked for an explanation and received none.
Here’s the question: if free market capitalism (as defined by the person making that claim) is all about keeping regulation to a minimum, and regulation must be resisted at every turn because it amounts to socialism 
yet the bubble was caused by lack of restriction on who could get a loan, how would less regulation have resulted in a smaller crisis?
Whoah–I am responding to a post(er) that no longer exists. Forget about financial crisis; I am having an existential crisis! : P
Guy
When that happens, it’s someone else’s existential crisis. Don’t worry. 
1 Like
How can you be sure?
1 Like
This here’s the 
forum. See ya in the nihilism thread, H. Cow.
That’s like, deep man.
Lack of restriction is not the same as pressuring people into doing something.
In fact, it’s almost the opposite.
That doesn’t pass for an answer, but I suppose this kind of discussion would be better in a different forum anyway.
Just for that, here’s some links for you…
https://www.fdic.gov/regulations/cra/
TL,DR: the government pressured the banks into making those bad loans… and kept doing so even after the crisis.