Wednesday, December 14, 2011


Federal report: Home flipping drove housing bubble

LAS VEGAS (AP) — A new federal report shows that speculative real estate investors played a larger role than originally thought in driving the housing bubble that led to record foreclosures and sent economies plummeting in Nevada, California, Arizona, Florida and other states.

Posted by dill @ 07:01 AM (5239 views)
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2 thoughts on “Admission

  • dohousescrashinthewoods says:

    Ha ha! Brilliant.

    Is the pope catholic?
    Do houses crash in the woods?
    And do Britons really live on a small island where housing is scarce?

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  • i posted this report a few days back from the bank in new york

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