For those who are old enough to remember, or who know history, there were economic downturns in 1974 , 1982, 1988 and 1998 . . . and during those downturns banks quit lending to investors and they approved only homebuyers with down payments . . . and eventually the lessons learned in those downturns were forgotten, or faded, and the lending requirements were loosened and the real estate market climbed uphill once again. . . . Read the rest of this entry »