Comments by "Itinerant Patriot" (@itinerantpatriot1196) on "Banks efforts to expand housing equality draws comparison to 2008 housing bubble" video.

My nephew got married a couple years ago and has been trying to put the money together to buy a home but the prices keep rising faster than he can save. Well, I get the feeling within the next year or so, after the bubble bursts, the home prices will be low enough but the market will shrink and the interest rates will continue to price him out. I remember when I bought my first house and was pleased as punch when I was able to make a $2,000 profit after I was forced to sell it two years later due to a military move. How times have changed. Yes, if you if you figure out a way let Otto the dishwater buy the home of dreams, two years later that dream will most likely become a nightmare for Otto. The foreclosure market will look like it did in 2009. I'm not even an economist and I saw the first bubble bursting before it did. It doesn't take a rocket scientist to see this one coming. This economic crash is only in stage one. Remember, there was a two-year gap between the Stock Market Crash of 1929 and a full-blown depression. We haven't seen the worst of it yet. How did Milton Friedman put it, there's no such thing as a free lunch? Get ready to pay the tab, with a healthy tip included in the cost.
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