January 17, 2023
Reinflating the Bubble
Timothy Birdnow
They didn't learn a thing from the subprime mortgage disaster and subsequent "great recession" I guess. Subprimes are terrible investments.
Wells Fargo cutting back on mortgages, will focus on lending to ‘minorities’
nypost.com
Our government is no doubt ultimately behind this. They are reinflating the mortgage bubble that cost us so dearly. I'm frankly surprised it hasn't happened yet, but we can thank heavy real estate investment from overseas (particularly China) and the weakness of the American economy for that, I suppose. But it's going to happen as sure as the sun rises.
Last year home sales fell 35.4% and Wells Fargo wants to get into subprimes? https://www.bankrate.com/real-estate/is-the-housing-market-about-to-crash/
They didn't learn a thing from the subprime mortgage disaster and subsequent "great recession" I guess. Subprimes are terrible investments.
Wells Fargo cutting back on mortgages, will focus on lending to ‘minorities’
nypost.com
Our government is no doubt ultimately behind this. They are reinflating the mortgage bubble that cost us so dearly. I'm frankly surprised it hasn't happened yet, but we can thank heavy real estate investment from overseas (particularly China) and the weakness of the American economy for that, I suppose. But it's going to happen as sure as the sun rises.
Last year home sales fell 35.4% and Wells Fargo wants to get into subprimes? https://www.bankrate.com/real-estate/is-the-housing-market-about-to-crash/
Posted by: Timothy Birdnow at
10:30 AM
| Comments (2)
| Add Comment
Post contains 113 words, total size 1 kb.
1
I appreciate you sharing this information. I really enjoy your blog post. A very informative and mesmerizing blog post was shared with you. SMM Panel Pakistan
Posted by: smmworld at January 19, 2023 01:28 AM (NmNKc)
2
Subprimes are terrible investments.
Posted by: Fake Tag Heuer at May 18, 2023 09:52 PM (MjvTm)
22kb generated in CPU 0.2841, elapsed 0.3665 seconds.
37 queries taking 0.3554 seconds, 185 records returned.
Powered by Minx 1.1.6c-pink.
37 queries taking 0.3554 seconds, 185 records returned.
Powered by Minx 1.1.6c-pink.
