S
se7en
Guest
...happened once before in Japan. ? how come people didn't see the real estate bubble coming in the USA, the same thing has happened once before in Japan. Is it because theres a difference this time, cause to me it seems the same. Ive read article on both real estate bubbles and what happened this time was the exact mistake people made last time. Like banks lending to income liars, historical low interests rate, minimum required downpayment for a typical mortgage, spectators going in thinking they can make some easy money knowing that even if they can not repay the debt but by selling the house they still can end up making money, because the rate that the house price rising is high than the interests rates. Others worried that by the looks the housing is going up they can not afford a home if they waited, as because its going up everyday or month. So why didnt banks and investment groups see it and learnt from it? Is it because theres a difference this time compared to what happened in Japan? Please help me out because i don't think economist are dumb enough not to see it coming. So what did i miss?