america was a runaway train: the gov. wanted the banks to make loans on housing so everone could own there own house, this was a big mistake. to do this loans were at artifically to low of a rate. the gov. wanted to grow the enconomy at a fast rate. this set in inflation. when the gov. raised interest rates, it indirectly started a housing crash. what iam getting at the gov. to me didnt learn from the past, there lowering the interest rates even lower to increase buying pressure. like a catch 22, dam if you do, dam if you dont. seems like were going to go thru another cycle like the last housing crises ifwhen people start to buy again at this low rate.
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