They're doing it again

Remember those "bankers" who drove hundreds of thousands of people out of their homes after selling them mortgages they couldn't pay? Balloon payments? The banks that shuffled around sub-prime mortgages, screwed over each other? That cost U.S. taxpayers multiple millions of dollars? Remember how their greed crashed the U.S. housing market starting 10 years ago? Which took the rest of the economy with it? Nobody was punished ... except the victims.

What looks like another housing boom is inflating, starting with ads on TV telling you to get a mortgage over your phone. Easy peasy. Anybody can buy a house. Realtors waiting by the phone. Download the app.

Well, no.  The remains of the lower middle class can't afford mortgages, but finance companies want to sell them. How long before the house buyers' finances crash and burn?

Money aside, if everybody in America gets a house, there will be no farmland, no wilderness. Only little boxes made of ticky tacky, occupied by people on the edge of bankruptcy.

They're doing it again.

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