The American view of how the world works is a unique and interesting one.
However even for Americans, blaming the people who lost their homes for the GFC is a new and interesting theory. It would seem that despite assurances that even if they lost their job and could not pay they could simply sell the mortgaged home at a profit (as US house prices "always rise") their "irresponsible house buying behaviour" is the true reason for the GFC not any corporate misdoing.
Of course the main reason for the real estate bubble problems world wide is the detachment of real estate values from a genuine market value (based on its value as a place of business or a residence) resulting in a speculative real estate market where house prices are based on speculative values for capital gain. Gambling in other words.
Not really sure what the connection of real estate pricing with climate change is.
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