Home price inflation data purposely misleading?
6/22/24
Turns out that if you don’t count prices that are inflating, then there’s no inflation… https://t.co/y5wTbTJyj7
— E.J. Antoni, Ph.D. (@RealEJAntoni) June 22, 2024
Turns out that if you don’t count prices that are inflating, then there’s no inflation… https://t.co/y5wTbTJyj7
— E.J. Antoni, Ph.D. (@RealEJAntoni) June 22, 2024
The study painstakingly sorted through failed home loans that caused the housing market collapse and identified an overwhelming connection between them and CRA mortgages.
Again, let’s review:
-President Bush went to Congress repeatedly for years warning them that Fannie Mae and Freddie Mac were going to destroy the economy (17 times in 2008 alone). Democrats continuously ignored him, shut down his proposals along party lines and continued raiding the institutions for campaign contributions on their way down.
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