I definitely believe that Greenspan’s intent was for consumer spending to pick up the slack of the drop in corporate spending after the dotcom bust. He even mentioned that he believed the ATM effect of rising house prices should prevent a major recession or a depression following the excesses of the ’90s.
However, I do believe that he saw something in 2004-2005 and was quiet, or was totally oblivious to all the fraud going on during that time. Surprising, yes, but eventually, when he did see it, he didn’t say anything, but raised rates quiety.
Imagine if he had said something? How would the markets have reacted back then? Who knows? Maybe they would have reacted the same as they are now.
Kev
The majority own homes and have owned them for a long time. You also need to look past SoCal as this is a much larger world out there of which we are a small portion.
Kev
The majority own homes and have owned them for a long time. You also need to look past SoCal as this is a much larger world out there of which we are a small portion.
Kev
The majority own homes and have owned them for a long time. You also need to look past SoCal as this is a much larger world out there of which we are a small portion.
Kev
The majority own homes and have owned them for a long time. You also need to look past SoCal as this is a much larger world out there of which we are a small portion.
Kev
The majority own homes and have owned them for a long time. You also need to look past SoCal as this is a much larger world out there of which we are a small portion.
As long as you stay in your rental, you have options.
As soon as you buy, you’re locked in, either on the way down or the way up.
With the market as volatile as it is, my personal take is to stay put in my rental until I see a bottom. After all, it isn’t like you’ll have just a week or you miss the boat and you’re priced out again. You’ll have plenty of notice that it is now the time to buy.
As long as you stay in your rental, you have options.
As soon as you buy, you’re locked in, either on the way down or the way up.
With the market as volatile as it is, my personal take is to stay put in my rental until I see a bottom. After all, it isn’t like you’ll have just a week or you miss the boat and you’re priced out again. You’ll have plenty of notice that it is now the time to buy.
As long as you stay in your rental, you have options.
As soon as you buy, you’re locked in, either on the way down or the way up.
With the market as volatile as it is, my personal take is to stay put in my rental until I see a bottom. After all, it isn’t like you’ll have just a week or you miss the boat and you’re priced out again. You’ll have plenty of notice that it is now the time to buy.
As long as you stay in your rental, you have options.
As soon as you buy, you’re locked in, either on the way down or the way up.
With the market as volatile as it is, my personal take is to stay put in my rental until I see a bottom. After all, it isn’t like you’ll have just a week or you miss the boat and you’re priced out again. You’ll have plenty of notice that it is now the time to buy.
As long as you stay in your rental, you have options.
As soon as you buy, you’re locked in, either on the way down or the way up.
With the market as volatile as it is, my personal take is to stay put in my rental until I see a bottom. After all, it isn’t like you’ll have just a week or you miss the boat and you’re priced out again. You’ll have plenty of notice that it is now the time to buy.
