Trump is in

Wait, so you meant American banks "doing their thing" resulted in the highest ownership rate in American history. Wow. What a meaningful statement you claim to have been making. Not only self referential, but without any possible stated or implied causality.

 

What the hell are you talking about? Speak English.

 

Hey guys, the actions of MLB brought about the highest popularity in MLB history... Wow! Deep analysis!

 

So you are saying you agree the banks were responsible for the highest home ownership in history?

 

An unsustainable level pushed by government policy

 

But but but home ownership is the American Dream! Dream killer!

 

Follow your statements:

1. American banks are doing a great job.
2. We know this because home ownership was the highest in American history once, years ago.

Your evidence/connection that it was the banks and not some other factor(s) is not stated. Your metric is completely meaningless, and could also be stated as "home ownership was higher in America at one time than it is today, therefore banks are doing a great job." It is not a logical statement.

 

What other factor had home ownership that high? I'm all ears.

 

No, I am not continuing until you clarify how you intended your statement. Either you originally were dead wrong in stating home ownership was at an all-time high and chickenshitted your way into saying you meant "past tense" which makes no damn sense logically, or you made a completely illogical statement that because one time we had higher home ownership than today (that's what a previous record high means) that the banks are doing a great job without making any connection or correlation between the banks and home ownership.

So were you wrong in your claim or did you make a nonsensical statement that touted a downward trend as proof of American banks' current success?

 

Meaning you have no answer as usual because you don't understand it.

I suggested banks were doing a fine job before the regulators got involved. You know the era that people like yourself refer to as the banks going crazy and greedy. And the same era that he was referring to in his speech. You know the speech i was responding to in the first place.

 

Which regulators? What year?

 

The biggest one: https://en.m.wikipedia.org/wiki/Dodd–Frank_Wall_Street_Reform_and_Consumer_Protection_Act

Though they started enforcing harder lending standards a couple of years before that.

 

4 million more loans would have been made from 2009 to 2012 if we used the same standards as 2001. That's well before the standards got lowered during the boom btw

http://www.cnbc.com/2015/04/06/4-million-mortgages-that-never-were-what-happened.html

 

So regulators that came in after home ownership began nosediving and the recession was well underway caused the home ownership decline retroactively. Back to the Future Part 4?

 

The decline started in 2006, according to your graph.

 

Yeah that quarter of a percent drop was really a nose dive

 

Nosediving? For real? It was still well above the historical average. Compar that to afterwards? I'm still waiting for your reason why it was at an all time high.

I'm sure 4 million people not able to get loans they could get before had nothing to do with that drop from 2009 onwards.

 

It was probably a pretty good indiator that the bubble was about to burst.

 

I bought a house in the summer of 2009 at the age of 24, by myself with my wife in grad school.

 

Probably. Couldn't go forever. But I've never understood the theory that lending to people, even if they are poor, is a bad thing.