This makes sense to me…once the Fed lowered the rate to where treasuries paid so little that is caused a huge amount of money seeking a higher and seemingly safe investment vehicle. Real estate would seem to be pretty safe. I still cant believe how easily the bond rating industry got off the hook??!! Isnt their sole job actually to rate the safety of such invstments? What value are they if they rate something as AAA and it becomes worthless two years later? Aren’t they supposed to regulate the “reality” of Wall Street?
