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By: Mortgage Broker, Sat May 29th, 2010
Buying with a mortgage pushes the prices higher. Mortgage industry wants you to buy so that you pay them for a life time for the money that they create out of thin air and demand interest for. Here is how banks create money:
http://www.tradingstocks.net/html/banks_create_money.html
FED targets 2% inflation and makes it much harder to save to buy your home cash down.
Sub-prime was intentional, to keep the credit bubble going. No 20% down, liar loans. Because uncle sam does not want affordable homes. They want expensive homes so that nobody can save to buy, but have to be the slave of their mortgage for a lifetime:
http://www.tradingstocks.net/html/housing_market_bubble_bust_cyc.html
Housing bubble was the result of easy credit policy of the FED and it was intentional.
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"Business, property investments and more" Comprehensive article catalog |
 
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