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[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

why weren't there a supply of people that can afford houses. no good jobs.

[–]sproketboy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Because of the nimby problem where some local jurisdictions don't want to build housing. It's worse now.

So The left (as usual) come up with a top down scheme for a local problem which could have been solved by building more houses which eventually tanks the world economy. Oh and that Democrat deregulated the banks prior to this mess.

This is why we can't have nice things.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

millions of houses sit empty. banks feel no need to sell them at lower prices. If they lose money just get a bailout.

[–]sproketboy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Part of the same problem.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

yeah if we had real capitalism and real competition it wouldn't happen. Meaning if they would never get bailouts they would want to lower home prices because getting a little bit of money is better than getting no money.