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Now I've read it all regarding 9/11.

Discussion in 'Sports and News' started by Pete Incaviglia, Feb 14, 2008.

  1. Pete Incaviglia

    Pete Incaviglia Active Member

    Did terrorists cause the housing crisis? Come on.

  2. Football_Bat

    Football_Bat Well-Known Member

    That's crazy talk. Mortgage rates operate independently of the fed funds rate. It's a function of supply and demand. Mortgage rates were low in 2004 because the supply of new houses was insanely high.
  3. Captain_Kirk

    Captain_Kirk Well-Known Member

    If you're getting investment education from reading this author, I'd recommend you stop doing so immediately and permanently.
  4. John

    John Well-Known Member

    What about the random e-mails I get advising me to refinance my home? Should I listen to them?
  5. Guy_Incognito

    Guy_Incognito Well-Known Member

    Wasn't it just a little while ago that t he crisis was lack of affordable housing?
  6. poindexter

    poindexter Well-Known Member

    When fed funds rates go down, banks can borrow from the Fed at a cheaper rate, thus the spread between what they borrow and what they give to depositors widens.

    I don't think the supply of housing was "insanely high" in 2004.
  7. poindexter

    poindexter Well-Known Member

    The terrists are responsible for letting strawberry pickers buy $700,000 homes.

    They are very crafty.
  8. Ace

    Ace Well-Known Member

    The guys got a good case, but I'm still gonna blame it on The Man.
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