Correlation of High RE, Economy and Govt Budgets

Correlation of high real estate prices, economy and govt budgets
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Today at 10:50pm Edit Note Delete
Fed States and local governments benefitted from the markets ability to keep real estate prices rising. Economy benefitted to from all the cottage (no pun) industries. What kept it flowing was bringing more people into market at all costs - including fraud. Bascally our economy has been a ponzi scheme for last 20 years. Have your wages kept pace with real estate appreciation? No. Govt actually threatened banks if they wouldnt loan to unqualified and even non us citizens. Now we know reason not for benefit of poorer class as much as benefitting Government budgets. Its amenable to steriod use in baseball. Owners and mgmt like to say they were unawares but they all benefitted from it most saw pay raises to milllions of dollars per and profits swell. Lookout below.