Realty Check

Loose Lending Didn't Create the Housing Bubble

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AP

"Contrary to the assertions of many economists and others, the boom and bust in housing over the last decade was not primarily caused by low interest rates, reduced down payment requirements, or laxer underwriting standards."

My sixth grade English teacher always told me never to start with a quote, but in this case, how could I not?

Read it again, if you will; I read it three times just to make sure.