When the next housing boom starts, will there be a surge of subprime and ARM mortgages again?

Will we not learn from our mistakes?When the next housing boom starts, will there be a surge of subprime and ARM mortgages again?
we're in a society of debtors --- of course we won't learn.When the next housing boom starts, will there be a surge of subprime and ARM mortgages again?
When the next president comes into office, will he/she serve two terms or one?





What do you mean you don' know?





Then I guess it is hard to say if ARM products and sub-prime will make a rebound too. If I had guess, I would say you will see more and more FHA programs rolled out....but that is just my guess...
Some of the acceptance of the worst terms in those deals was based on speculation. Some people always get bruned in a speculative frenzy. Greenspan called it ';irrational exhuberance'; I thought that a nice turn of phrase. Look for fewer people to participate in the next round of speculation on this exact opportunity, but look for them to continue to overshoot a good thing someplace else instead.
HOPEFULLY BUT I BELEIVE WITH MORE RESTRICTIONS.
The consumer is mistaken if they feel the arm is the culprit in the latest fiasco. Arms, when qualified correctly, have been a decent product to consumers. But when you combine sub-prime loans, and the lenders who did not inform the consumers of the type of loan they were getting, and associated pre-payment penalties in these products. This equates to the situation at hand. Hopefully, a more informed consumer will result in lender notification with clarity, will help to negating the possibility of history repeating itself!