Real Estate Bubble

[deathtotaxes]

lazurus: I am not a commercial lender, but your post does contain some generalizations that may not apply everywhere. For example, every state is different. Although I think they recently changed the rules, Florida was a haven for CEO's who were in trouble and wanted to shelter large amounts of cash. They would buy mega million dollar homes and protect them in bankruptcy.

Also why would all multi unit apartment loans be government backed?

Your comment about Trump was right on. That sleezeball played the banks like a fiddle. They had to keep him afloat or they would suffer with him.