[Bewolf]

Originally Posted by MadBlaster

Basically agree with this. Real estate values, however, are location specific,l not global. Remember, many still had an ability to pay their mortgages, but instead went the "strategic default" route. Anyone who doesn't know what that is can google it.

As to relating to climate change, there is a connection in the sense that the losses were socialized to the taxpayer to bail out the banks from all the forclosures, short sales, free rents. Then there were the cataclysmic side effects to the innocent, non-deadbeat homeowners who suffered realized and unrealized losses on their homes. This thing started from the sub-prime market and contagion spread to the prime market and then the strategic default took off. So, it clearly shows the wealth transfer effects of socialism, which is at the heart of the climate change scam.

what?
You guys have a very odd relationship to the term "socialism". Reminds me of the Dark Ages in Europe, where everything was blamed on the Jews and witchcraft.