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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]PP do you feel stupid for buying a home in the exurbs in 2006?[/quote]

No, just saying that anyone gloating about making money off of real estate during the bubble is an asshole. FYI my mclean locations are fine [/quote]

Impressive, 22101 or 22102?  I certainly hope you are on the north side of town.

BTW, the real estate bubble was not caused by investors such as myself engaging in a "ponsi scheme" as you so intelligently declare (BTW Ponzi is with a z not an s).

The wheels were put in motion in 1999 with the repeal of the Glass Steagall Act. It was then compounded by the unregulated sale of bundled mortgage backed securities and a robust sub prime mortgage market full of buyers who had no business buying homes and lenders who had no business lending to them.

The biggest failure of our current cast of political clowns is that none of them have the balls to do anything to protect us from this happening again. Already FHA is the new sub-prime lender and nothing has happened in terms of smart regulation.

Please do educate yourself, this is a good beginner start, they probably did not teach you about this in college:

http://www.huffingtonpost.com/2009/05/11/glass-steagall-act-the-se_n_201557.html
[/quote]

Sorry that huffoost is crap the real problem was from http://money.usnews.com/money/blogs/capital-commerce/2009/03/17/yes-the-community-reinvestment-act-really-did-help-cause-the-housing-crisis[/quote]

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