Thread: Ka-BOOM!
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Old 12-21-2007, 08:03 PM   #244
dude1394
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Originally Posted by Mavdog
dude, are you saying there is no impending recession on the horizon?

the housing bubble may be larger than the dot com bust.
I don't see it to be honest. First it's individuals in their homes, not their 401K's that are undergoing this. And secondly I expect the housing WILL if you hold onto it long enough recover.

I would be interested however in where your comparison of the dot.com to the housing.com burst being larger?

I guess I just don't see it.

I did read somewhere recently that much of the sub-prime loans were being made by banks as a response to the guvment pushing home ownership to folks who really couldn't afford them. Anyone else read any of that?

If not, why would banks make such bad loans? They are taking the risk?
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