[LucianOfSamasota]

People save nothing, they leverage these houses with 5% down payments and then borrow more against ‘equity’ from inflated appraisals.

The new ‘America’. I’ve got to have it NOW, and when the plan derails I’ll get a bailout.

[quesney]

“People save nothing, they leverage these houses with 5% down payments and then borrow more against ‘equity’ from inflated appraisals. The new ‘America’. I’ve got to have it NOW, and when the plan derails I’ll get a bailout.”

Yup - and bill it to the other guy - the one who doesn’t vote (kids, grandkids, China, etc.)