UT: County housing market strengthening

[smshorttimer]

It’s also been argued that anti-growth/restrictive zoning policies in places such as California contributed quite a bit. Some noted anti-“smart growth” scholar wrote something about this somewhere. Interesting, at least. I’m not sure if his theory works well in a place such as Arizona. Can’t remember his name, but I think Cato published his piece. Could be wrong about that.

[CA renter]

[quote=FormerSanDiegan][quote=CA renter]

This is my understanding of how the credit bubble grew:

1. The passage of the Taxpayer Relief Act of 1997 …

2. The passage of the Gramm–Leach–Bliley Act in 1999 …

3. Greenspan’s lowering of interest rates to historically low levels, then keeping them there for an extended period of time (we’re still there!!!). …

[/quote]

It is interesting to note that ALL of these factors are still in play today, nearly 5 years into the burst of the bubble.[/quote]

Yes, and then some (tax credits, trillions of dollars going to MBS and Treasury purchases and bank debt guarantees, etc., etc.). Can you imagine what the market would look like without all these disastrous policies? We might actually have affordable housing! 😉

[CA renter]

[quote=FormerSanDiegan][quote=CA renter]

This is my understanding of how the credit bubble grew:

1. The passage of the Taxpayer Relief Act of 1997 …

2. The passage of the Gramm–Leach–Bliley Act in 1999 …

3. Greenspan’s lowering of interest rates to historically low levels, then keeping them there for an extended period of time (we’re still there!!!). …

[/quote]

It is interesting to note that ALL of these factors are still in play today, nearly 5 years into the burst of the bubble.[/quote]

Yes, and then some (tax credits, trillions of dollars going to MBS and Treasury purchases and bank debt guarantees, etc., etc.). Can you imagine what the market would look like without all these disastrous policies? We might actually have affordable housing! 😉

[CA renter]

[quote=FormerSanDiegan][quote=CA renter]

This is my understanding of how the credit bubble grew:

1. The passage of the Taxpayer Relief Act of 1997 …

2. The passage of the Gramm–Leach–Bliley Act in 1999 …

3. Greenspan’s lowering of interest rates to historically low levels, then keeping them there for an extended period of time (we’re still there!!!). …

[/quote]

It is interesting to note that ALL of these factors are still in play today, nearly 5 years into the burst of the bubble.[/quote]

Yes, and then some (tax credits, trillions of dollars going to MBS and Treasury purchases and bank debt guarantees, etc., etc.). Can you imagine what the market would look like without all these disastrous policies? We might actually have affordable housing! 😉

[CA renter]

[quote=FormerSanDiegan][quote=CA renter]

This is my understanding of how the credit bubble grew:

1. The passage of the Taxpayer Relief Act of 1997 …

2. The passage of the Gramm–Leach–Bliley Act in 1999 …

3. Greenspan’s lowering of interest rates to historically low levels, then keeping them there for an extended period of time (we’re still there!!!). …

[/quote]

It is interesting to note that ALL of these factors are still in play today, nearly 5 years into the burst of the bubble.[/quote]

Yes, and then some (tax credits, trillions of dollars going to MBS and Treasury purchases and bank debt guarantees, etc., etc.). Can you imagine what the market would look like without all these disastrous policies? We might actually have affordable housing! 😉

[CA renter]

[quote=FormerSanDiegan][quote=CA renter]

This is my understanding of how the credit bubble grew:

1. The passage of the Taxpayer Relief Act of 1997 …

2. The passage of the Gramm–Leach–Bliley Act in 1999 …

3. Greenspan’s lowering of interest rates to historically low levels, then keeping them there for an extended period of time (we’re still there!!!). …

[/quote]

It is interesting to note that ALL of these factors are still in play today, nearly 5 years into the burst of the bubble.[/quote]

Yes, and then some (tax credits, trillions of dollars going to MBS and Treasury purchases and bank debt guarantees, etc., etc.). Can you imagine what the market would look like without all these disastrous policies? We might actually have affordable housing! 😉

[jpinpb]

[quote=CA renter] We might actually have affordable housing! ;)[/quote]

It’s not about affordable housing. It’s about enslavement.

[jpinpb]

[quote=CA renter] We might actually have affordable housing! ;)[/quote]

It’s not about affordable housing. It’s about enslavement.

[jpinpb]

[quote=CA renter] We might actually have affordable housing! ;)[/quote]

It’s not about affordable housing. It’s about enslavement.

[jpinpb]

[quote=CA renter] We might actually have affordable housing! ;)[/quote]

It’s not about affordable housing. It’s about enslavement.

[jpinpb]

[quote=CA renter] We might actually have affordable housing! ;)[/quote]

It’s not about affordable housing. It’s about enslavement.

[CA renter]

Very true, JP.

[CA renter]

Very true, JP.

[CA renter]

Very true, JP.

[CA renter]

Very true, JP.

[Author]

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