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Old 09-05-2008, 06:04 PM
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ViRedd
Marijuana EXPERT
Mr. Ganja
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Location: Socialist Republic of Kalifornia
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[quote=tipsgnob;1269094]
Quote:
Originally Posted by ViRedd View Post
the last house I bought I had to prove my income with tax statements...
That's what's normal. But, we had government step in and place the country awash in easy money. First, the Fed kept lowering rates and printing money. Then, we had our Democrat congress and senate pass legislation, which mega-spender Bush signed, that required lenders to loan to sub-prime borrowers. That put the real estate boom in motion. All one needed to do to qualify for a loan, was to "state" their income with no proof what-so-ever.

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