User 187124

Why Did the Mortgage Market Go Out of Control?

Over the past ten years with the advent of sub-prime lending, there have been more buyers on the market with money to spend. The supply of money allowed competing buyers to bid up the property more easily. This has left us with inflated real estate prices. I feel for our children who have yet to enter into the market to purchase a home. The effect of all this has priced them out of the market!