Written by Timothy Blake on August 17, 2007 under Archives, Editorial
“Reverse mortgages, cash out refinance, HELOCs, consolidate your debts” are all catchy marketing phrases hawking products that are designed to break the “Nest Egg” of the average American. People were unable to save but continued to make their home payments. Drop the interest rates, make interest on a second home tax deductible, create a housing boom, and entice speculators. The housing bubble was a calculated risk accepted by governments, investors, and lenders.
