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Discussion and Debate
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American Politics
Trickle down theory, did it work?
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<blockquote data-quote="variant" data-source="post: 49232910" data-attributes="member: 114463"><p><span style="color: black"><span style="font-family: 'Verdana'">No I mean that people were buying homes for more than they really should have, regardless of if they could eventually be able to pay off the loan. This has nothing to do with the exact causes of the eventual melt down, but rather, it has to do with why the prices were inflated in the first place. This alone can not cause what we are seeing today.</span></span></p><p><span style="color: black"><span style="font-family: 'Verdana'"></span></span></p><p> <span style="color: black"><span style="font-family: 'Verdana'"></span></span></p><p><span style="color: black"><span style="font-family: 'Verdana'"><span style="color: black"><span style="font-family: 'Verdana'">Prices do not go up as fast if people are not willing to pay them. Markets tend to get herd mentality.</span></span></span></span></p><p> <span style="color: black"><span style="font-family: 'Verdana'"></span></span></p><p><span style="color: black"><span style="font-family: 'Verdana'"><span style="color: black"><span style="font-family: 'Verdana'"><span style="color: black"><span style="font-family: 'Verdana'">If these prime loans start defaulting at a high rate we are really in for it.</span></span></span></span></span></span></p><p><span style="color: black"><span style="font-family: 'Verdana'"><span style="color: black"><span style="font-family: 'Verdana'"></span></span></span></span></p></blockquote><p></p>
[QUOTE="variant, post: 49232910, member: 114463"] [COLOR=black][FONT=Verdana]No I mean that people were buying homes for more than they really should have, regardless of if they could eventually be able to pay off the loan. This has nothing to do with the exact causes of the eventual melt down, but rather, it has to do with why the prices were inflated in the first place. This alone can not cause what we are seeing today.[/FONT][/COLOR] [COLOR=black][FONT=Verdana][/FONT][/COLOR][COLOR=black][FONT=Verdana] [COLOR=black][FONT=Verdana] [/FONT][/COLOR] [COLOR=black][FONT=Verdana]Prices do not go up as fast if people are not willing to pay them. Markets tend to get herd mentality.[/FONT][/COLOR] [COLOR=black][FONT=Verdana][/FONT][/COLOR] [COLOR=black][FONT=Verdana][COLOR=black][FONT=Verdana]If these prime loans start defaulting at a high rate we are really in for it.[/FONT][/COLOR] [/FONT][/COLOR][/FONT][/COLOR] [/QUOTE]
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