Quote:
Originally Posted by joethiesmanfan
Banks are not controlled by government. Please Slinging Sammy confirm with your links. The housing inventory existed before the sub prime loans. This will prove my hypothesis. Housing BOOM!!!
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If there was a flood of houses on the market then home prices would have dropped so builders could sell them. The opposite was happening and there where more buyers then homes so prices jumped as buyers bid the homes up in value. Now toward the end when the buyers dried up there where more homes then buyers and like now prices have dropped. Thats just basic economics.