Arizona's New Immigration Law

[JoeRedskin]

Originally Posted by joethiesmanfan

Study Shows Building Boom Before Market Crashed - City Room Blog - NYTimes.com

Builders returning to the devastated Florida housing market - Apr. 16, 2010


Putting people into the housing market who weren't in the housing market. Releasing credit restrictions to get rid of them houses. These two links show New York housing market and Florida.

Neither of these two articles show any proof that the market was saturated preboom. Neither show any indication that, pre-boom, banks were funding builders w/ no demand.

From the Florida article:
"This is quite a turnaround for Schulmeyer's group, which had retreated to building just over 100 homes in only four communities in 2009, down from 900 houses in 20 locales during the peak mid-decade."

From the New York article:
"Furman Center researchers found that the city gained 170,000 new housing units from 2000 to 2008."

Wow - they built too many houses and then the market crashed. The explosion in price occurred at the same time as your articles show the building boom. NOT BEFORE. Where's the proof that the housing boom existed before prices exploded?

Timeline of the United States housing bubble - Wikipedia, the free encyclopedia

File:Median and Average Sales Prices of New Homes Sold in United States 1963-2008 annual.png - Wikipedia, the free encyclopedia

Further, neither of your articles mention anything about the so-called easy money available to builders PRE-BOOM and which, according to you, was the ultimate cause of the housing crash.

Don't worry, I won't tax your limited comprehension skills by requesting you prove your hyperbole. Feel free to cling to your comfortable, simple misconceptions.