Mortgage crash was an unintended consequence of 9/11 and The Fed not wanting to raise rates in an election year.
9/11 happened Fed lower interest rates to prevent a recession Housing prices ticked up accordingly, Bush 41 lost in part because there was rate in crease during his reelection campaign. The Fed decided not to raise and the momentum was unstoppable by the fall of '04. Real estate " investors " with multiple houses and constantly doing cash out re-fis was probably not Because of Clinton policy it was money was too cheap for too long
A few clarifications and one correction
Prior to 9/11 Fed rate 3.5%
15 months later the rate was 1.0%
I was incorrect There were a couple of rate increases in summer of '04 leading to a rate of 1.75 after the election the rate increases kept coming and the Fed rate hit 5.5%which is what stopped the momentum in housing prices

[url] https://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html[/url]

He was better and more conservative than Trump. But still a leftist and caused a lot of damage to the country. He was one of the "progressive" steps that got us where we are.

Sq 17 said:

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Gaw617 said:

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Hard to believe we are at a point where I think Clinton running today on his policies from the 90's is probably a republican. And that is with all his left garbage the first two years or so before republicans took the house. Sad really

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You'd be wrong

anybody who raises taxes can't be elected as a R which is IMO why Clinton is president
When Buchanan launched his America First Presidential Run because Bush raised taxes

Bush 41 was weakened enough to let Perot think he had a chance and give Clinton the opportunity to win

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The first glimmer of what would become the Tea Party and, later, MAGA. The movement just needed the right leader.

Just being there during the dot com bubble leaves him favorable marks for the economy and very misleading narratives from democrat propagandists after him that their leftward sprinting socialist policies "work". But, if you go back and listen to, or read the script of, his 1996 State of the Union Address, after his party lost control of both houses, he says a bunch of things that today's democrats would consider far right wing extremist or even fascist.

Things like "the days of big government are behind us", "there isn't a government program to solve every problem", "we have to have a government that isn't indebted and lives within its means". Crazy stuff.

Good policies with a corruption and sex problem.

None of that was the reason for the boom.

Bill and Killary have committed unimaginable sins.
They both deserve death by electrocution.

GinMan said:

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Bill and Killary have committed unimaginable sins.
They both deserve death by electrocution.

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Too good for Killary.

MBAR AG said:

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Good policies with a corruption and sex problem.

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It would nice to have only those sort of problems nowadays.

Your link is very informative Clinton signed a bi-partisan bill And Gramm of Texas was one of the sponsors
I guess what your saying in America needs more regulation ?

Funky Winkerbean said:

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None of that was the reason for the boom.

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Home prices are definitely affected by significant moves in interest rates

Sq 17 said:

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Your link is very informative Clinton signed a bi-partisan bill And Gramm of Texas was one of the sponsors
I guess what you're saying in America needs more regulation ?

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Yeah, forcing banks to relax lending standards to let people purchase homes they can't afford isn't the point.

You need to quit taking your patients drugs

Sq 17 said:

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Funky Winkerbean said:

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None of that was the reason for the boom.

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Home prices are definitely affected by significant moves in interest rates

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Of course, but they are also influenced by lenders relaxing the standards on what it takes to qualify for the loan.

Funky Winkerbean said:

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Sq 17 said:

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Funky Winkerbean said:

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None of that was the reason for the boom.

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Home prices are definitely affected by significant moves in interest rates

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Of course, but they are also influenced by lenders relaxing the standards on what it takes to qualify for the loan.

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I was in the real estate law biz in the 90s. The closing files that would come across my desk were ludicrous on the lack of financial stability to repay those loans. No cash, no assets to speak of and a spotty employment history? No problem!

Not a fan of Bill but he was better than Obama and Biden to compare dims.

The biggest downside of his presidency was bringing Hillary with him. I suspect she was responsible for the changes we see today with the DOJ and FBI. Soros likely in her ear.

It's a pretty sad fact that he and Obama have been the best since Reagan.

Bush, Bush, Trump, Biden all wars and massive inflation

Let's not forget that a big part of the tech boom of the 1990s was also embellished by the panic over Y2K.. Certain segments of the economy spent money like drunken sailors because of the fear of what would happen when banking computer calendars rolled from 99 to 00. It was like a digital preview of COVID

Burdizzo said:

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Let's not forget that a big part of the tech boom of the 1990s was also embellished by the panic over Y2K.. Certain segments of the economy spent money like drunken sailors because of the fear of what would happen when banking computer calendars rolled from 99 to 00. It was like a digital preview of COVID

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Actually, I had forgotten about all of that hoopla about planes falling out of the sky, etc. when Y2K would hit.

And then, it didn't.

Best President of my lifetime. Only one that could reach across the aisle and balance the budget

Bill Clinternet said:

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Best President of my lifetime. Only one that could reach across the aisle and balance the budget

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Bwahahahahahahahahah!!!!!

Bill Clinternet said:

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Best President of my lifetime. Only one that could reach across the aisle and balance the budget

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That would be Newt Gingrich.

Bill Clinton sold us out to China. He is the reason they now have three stage rocket technology. For any good or bad he did otherwise, this is his lasting legacy to America.

Tramp96 said:

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Bill Clinton sold us out to China. He is the reason they now have three stage rocket technology. For any good or bad he did otherwise, this is his lasting legacy to America.

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We are a nation of arrogant dimwits..his legacy is Monica Lewinsky.

Funky Winkerbean said:

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Tramp96 said:

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Bill Clinton sold us out to China. He is the reason they now have three stage rocket technology. For any good or bad he did otherwise, this is his lasting legacy to America.

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We are a nation of arrogant dimwits..his legacy is Monica Lewinsky.

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But it started a conversation about whether BJs were sex or not. To which my standard reply was, "Who is your wife blowing and why don't you care?"

Road a good economic run for all it was worth, and then bombed Christians (Serbs) to start the spread of Muslims in Europe.

Not rated very high and was lucky on the Economy. He got two terms, but his performance could not transition into another democrat term.

Funky Winkerbean said:

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Tramp96 said:

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Bill Clinton sold us out to China. He is the reason they now have three stage rocket technology. For any good or bad he did otherwise, this is his lasting legacy to America.

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We are a nation of arrogant dimwits..his legacy is Monica Lewinsky.

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You're seriously saying the Monica Lewinsky scandal was a bigger deal than selling critical missile technology to our enemy?

Tramp96 said:

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Funky Winkerbean said:

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Tramp96 said:

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Bill Clinton sold us out to China. He is the reason they now have three stage rocket technology. For any good or bad he did otherwise, this is his lasting legacy to America.

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We are a nation of arrogant dimwits..his legacy is Monica Lewinsky.

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You're seriously saying the Monica Lewinsky scandal was a bigger deal than selling critical missile technology to our enemy?

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To the average citizen, yes.

aggiehawg said:

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Funky Winkerbean said:

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Tramp96 said:

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Bill Clinton sold us out to China. He is the reason they now have three stage rocket technology. For any good or bad he did otherwise, this is his lasting legacy to America.

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We are a nation of arrogant dimwits..his legacy is Monica Lewinsky.

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But it started a conversation about whether BJs were sex or not. To which my standard reply was, "Who is your wife blowing and why don't you care?"

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It also told me the White House has no HR department. If I did what he did on the clock, I would be escorted out the door and my badge taken away within minutes.

I prefer the portion of the movie when Steve Carrell character is talking with the stripper with 5 houses
You can blame Clinton or you can blame de-regulation signed by Clinton or you can blame banks not doing proper due diligence
Personally I blame cheap money leading to a bubble, because the cheap money leads to unsustainable house value appreciation. While the market is going up everybody is piling into the market inflating the bubble until it pops.

CanyonAg77 said:

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Bill Clinternet said:

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Best President of my lifetime. Only one that could reach across the aisle and balance the budget

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Bwahahahahahahahahah!!!!!

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it's funny because some people are either hilarious sarcastic trolls or ritaarded and sometimes it's difficult to tell which

Nixon, Ford , Carter, Reagan, Bush , Clinton,Bush Obama Trump Biden
Given that is basically the list for all posters on this site putting Clinton at the top is reasonable if fiscal responsibility was important to you

Sq 17 said:

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Nixon, Ford , Carter, Reagan, Bush , Clinton,Bush Obama Trump Biden
Given that is basically the list for all posters on this site putting Clinton at the top is reasonable if fiscal responsibility was important to you

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And completely unreasonable if sustained national security means anything to you at all.