Libertarians are Very Confused About Capitalism

[Julius Skrrvin]

We can't leave basic financial decisions like "can I afford this house?" up to the average american.

 

[Meta Reign]

I kind of agree. We can't leave basic financial decisions like "can I afford this house?" up to the average american. Now the standards have tightened and I think a lot of people are finding out the bank is not going to give you the money now.

But it wasn't that simple. The average American became more than potential homeowners. They became speculators. It wasn't as much a question of "can I affords this house?" It was more a questionof "how much money can iI clear when this house appreciates in a few years?"

Bubbles are MONETARY phenomena.

 

[Domingo Halliburton]

But it wasn't that simple. The average American became more than potential homeowners. They became speculators. It wasn't as much a question of "can I affords this house?" It was more a questionof "how much money can iI clear when this house appreciates in a few years?"

Bubbles are MONETARY phenomena.

that's definitely a problem if you're buying a house to hope it goes up in value then borrow against the equity to keep paying for it or just believing the market perpetually goes up to flip it.

what do you think causes these bubbles? Our monetary policy? banks?

 

[Domingo Halliburton]

damn haven't heard a Metallica song in awhile. About the only metal band I can stand.