Doc Edward Morbius ⭕@Angle @natecull @wrenpile Upshot: banks needed nominal returns. Real estate was providing nominal returns. /Homeowners/ were happy with this, because, hey, *we're asset holders, our assets are inflating, FREE MONEY!!*. Sucks to be their kids though.
Banks, real estate holders, property owners, and a whole mess of others, recognised that /any little thing/ they could do to bump up prices was a net good for them. So they did.
No Vast Conspiracy Needed. Just plain old self-interest.
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