Gloss over the down payment and excellent credit requirements, eh? Of course everything's more expensive -- ain't four decades of Reagonomics just the bomb-diggity?
I loathe this talking point because it assumes that EVERYONE qualified for all of this available credit or that they had to the dough to just put down..
When in fact, most didn't qualify. As I stated elsewhere in this post, the ECOA Act was only passed a few years early in 1974 and even that took a minute to get instituted, become an accepted practice and the like.
Math is hard for folks when they are passionate about a subject and they seem to think omitting important key factors is the way to have this conversation.
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u/TheModWhoShaggedMe 15h ago
Gloss over the down payment and excellent credit requirements, eh? Of course everything's more expensive -- ain't four decades of Reagonomics just the bomb-diggity?