Not being political here, but the issue in 2008 started in 1977 when HUD changed banks measuring stick in loans to under served areas. Both parties acted like drunken sailors enjoying the short term spoils, but the Clinton prosperity years were driven by rampant home buying/building due to that original change and a move to 50% from 30% of loans being in those areas. Investors could buy low income housing tax credits and many did. Buy is an interesting word as the potential for loss was minimal to none.
I read this review about reviewers
https://www.13thnote.net/2020/07/25/the-fckd-up-nature-of-the-audiophile-audio-industry/
An interesting take on what's happening in the industry today.
It was Simon Price's personal experience, but I wonder if it's happening more often than not?
An interesting take on what's happening in the industry today.
It was Simon Price's personal experience, but I wonder if it's happening more often than not?
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- 72 posts total
- 72 posts total