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Reply #393: Try Wiki [View All]

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Warpy

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-07-11 06:50 PM
Response to Reply #289

393. Try Wiki

As I recall, they had a pretty good article on how the 30 year mortgage came into being, along with all the financing scams that had made home ownership an elusive dream up to and during the 1920s. The 1920s saw a lot of people unable to renegotiate their leases and a 10 year slump in housing prices before the market crash and Great Depression.

It's a place to start.

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