Wednesday, November 2, 2011

HVS: Q3 Homeownership and Vacancy Rates

[mEDITate-OR:
assume that these "numbers" are accurate...
when Bill@CR tells U.S. that they are not.
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However, they ARE very good at showing U.S.
the similarities and differences between William Jefferson AND W Bush
While it IS true that home ownership was greatly expanded for black and other minorities under Clinton, what is NOT true is that most of those RE loans were the cause of, or the main contributor, to the RE collapse numbers.
What IS true is that when W Bush "enabled" the Big Bad Wall Street Banksters - aka, Countrywide, WAMU, Wichovia and New Century to market bad ARMS and other subprime RE loans in the sand states they DID cause the RE bubble to collapse.
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And, in these graphs we can clearly see that.
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Here are some previous posts about some of the HVS issues by economist Tom Lawler:
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HVS: Q3 Homeownership and Vacancy Rates
http://www.calculatedriskblog.com/2011/11/hvs-q3-homeownership-and-vacancy-rates.html
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