Last time........... yes, or no.... did the housing price bubble that burst in 2007, start in 1997. Look at the graph. Yes or no.
I want a yes or no, answer. If you can't answer that, then you shouldn't be talking about a subject you are too ignorant to comment on. Answer the question.
Yes or no. The housing price bubble that burst in 2007, started in 1997.
Dude, he said yes.
Yes, but he's trying to deny that it was because of anything that started in 1997, which if you look at the graph, prices were stable from 1992 to 1997.
Which indicates that it wasn't some random spike somewhere.
He won't just admit that hey "the housing price bubble started in 1997, and therefore, something likely caused it".
It wasn't a gradual increase from economic growth. It wasn't because of interest rates.
A market caused spike, would have happened over time. This was a complete reversal of prices, from a slow stead decline over 5 years, to a drastic increase.
This guy doesn't want to admit to anything, and seems to be making up qualifiers for his answers.
Nah your just wanting him to say your right. His point is that prices always go up and down, which is correct. As I mentioned earlier the dot com boom also increased price pressure at the same time. His point is merely that one of the important aspects of the bubble wasn't CRA. Which is correct. CRA was just one of the many failures going on. He can correct me if he wants to, but I believe his real point is ... stop scapegoating the poor folk, they were not the sole reason for the crash.