Greatest Economics & Property Speech Ever

This guy was talking in 2006 about sub-primes being unsustainable.
It was easier to buy than rent in California in early 2006.
Abolishing the deposit and income checks did this.
This not from some secret discussion in the BIS.

ONQ.
 
thanks for posting this
excellent analysis
amazing to think that this was given in 06
only think that hasnt happen yet is the decline of the dollar
 
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