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Credit reform is a great idea... setting guidelines so that not anyone and everyone can obtain credit (which of course is a HUGE business).
The real estate market is pretty fucked up... but they need to let it do it's thing instead of trying to save it. All markets (including the adult market) are cyclical... Highs and Lows. Let the lows kill the right people like they were intended to.
Didn't everyone's momma teach them to prepare for rainy days? Or does everyone believe that it's always sunny and perfect?? (bad analogy.. we here in Arizona get 300 sunny days a year)
My grandparents trust got fucked over by the Tech-boom of the 90s.. due to a bad agent... no one cares... they said tough shit... I feel the same way unfortunately about people in the housing market. It's an investment, not a guarantee... ride at your own risk... take the consequences, good or bad.
Let the economy right itself rather than thinking there is a quick fix.
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