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But as I said, housing prices had inflated so much you had to get an unsupportable mortgage to buy a small house that a working man could easily have afforded decades before. Fanni and Freddie didn't inflate housing. It was all the enormous greed I saw advertised to "Make Big Money Flipping Houses" Every time there is a scheme to make a lot of money with only a little work, it ends badly.
Posted by James Mooney