Despite this year's appreciation, approximately 60 percent of housing markets remain below values
reached during the bubble years, according to the analysis.
During the bubble years of 2005 through 2007, home prices were significantly more than 10 % above the long - run sustainable levels.
If people just said, no co-signing, no BS creative mortgage financing, etc, there is no way even half of the mortgages that were
written during the bubble years would have been approved.
David Golden, who ran investment banking at Hambrecht &
Quist during the bubble years, recalls one particular idiom that encapsulated the mayhem, «If you could fog a mirror, you could go public.»
A more restrictive bankruptcy policy probably made the student loan securitization packages more attractive to many investors, but investors were buying up just about
anything during the bubble years.
Had the numbers on all portfolio statements been marked down by 65
percent during the bubble years, many companies providing luxury goods would have been put out of business and many companies providing well - priced goods and services that in a bubble environment failed would instead have thrived.
If people just said, no co-signing, no BS creative mortgage financing, etc, there is no way even half of the mortgages that were
written during the bubble years would have been approved.
During the bubbles years, the correlation consistently hovered between 0.5 and 0.6.
But no,
during the bubble years, Greenspan was lionized for keeping the economy going smoothly — limiting the impact of recessions.
During the bubble years, it was reaching 25 % of income.