Its was in january of 2006.
Guess what that conclusively proves.
The right OWNS this downturn.
Of course the nitwit would draw such a nonsensical conclusion.
In reality, the government sponsored a housing bubble over a twenty year period which burst in 2006.
On a different board, I do recall one of the posters pointing to the sub primes and the lending practices and noting that this was a huge problem that would explode soon.
I don't recall what year that was, but 2006 or 7 sounds about right.
At that time the % of home owners in the country was above 70% for the first time ever and it lloked by that measure like things were humming right along.
As a ding dong who is not so real close to the home mortgage market, I didn't know. The ding dongs who regulate this stuff should have been as concerned as the guy who was posting on a message board.
We need smarter ding dongs.