Jump to content

World Stock Markets Trading Discussion - Bamboo barricades


Recommended Posts

HOUSING JENGA ANYONE????

 

When you think about it housing prices in the USA are a giant game of JENGA

 

Due to the lending standards (or should I say non existence of such lending standards) of Fannie and Freddie

 

Each time they reduce their lending standards to keep the housing market juiced

 

Its like removing a wooden block from the tower.

 

 

Fannie and Freddie could be very profitable businesses if they maintained decent lending standards

 

Say 20% deposit.

 

But they dont - because they are being  used as politically motivated pump primers for the housing industry.

 

And so the US housing industry (particularly at the lower price levels) has been turned into one gigantic game of JENGA.

Link to comment
Share on other sites

  • Replies 32
  • Created
  • Last Reply
I was dreamin' when I wrote this, forgive me if it goes astray
But when I woke up this mornin', could've sworn it was judgment day
The sky was all purple, there were people runnin' everywhere
Tryin' to run from the destruction, you know I didn't even care
Say say two thousand zero zero party over, oops, out of time
So tonight I'm gonna party like it's nineteen twenty-nine
Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...