It was so easy to get a loan and that makes for it easy to Over inflate prices. Heck, I had one loan officer wanting to refi my loan 120%. It was nuts! You have a high credit score no need to provide any additional docs. A true bubble.
I see the same going on with college loans right now and that being the problem causing the high cost of college. They have a bunch of non-business people running colleges spending on all kinds of stupid stuff. Now, anybody can get a student loan. The government then owns these kids... for years and years. No getting out of that loan. Increases the cost of college. What a sin.
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