Why No Housing Bubble / Bust In Vermont?
The Wall Street Journal has a long article, Vermont Mortgage Laws Shut the Door on Bust — and Boom, on how Vermont’s old-fashioned skinflint mortgage regulations prevented excessive lending in that state. State regulations played a sizable role in the Bubble — for example, Ohio has a lot more foreclosures than Pennsylvania due to differences in regulations. (Although without the expectation of continued massive Hispanic immigration, as in California, Florida, Nevada, and Arizona, home prices cou…
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