[quote=kev374]The alternative is that housing prices will fall due to lack of demand… since incomes are not rising the demand has to be created somehow.[/quote]
I said it before and I said it again…
Don’t worry. I’m sure there will be a larger subprime borrowing program that will eventually follow once this second way of “buyers” saturates too…
Financial institutions make more money on subprime lending then they do on prime lending, so I doubt subprime is going to stay in the backseat always…
We can see
Kinda reminds me of the joke someone said once…
“The best way to accumulate $1million in wealth… Is to first start out with $990,000 and…”
