Back then, unscrupulous lenders stimulated housing demand artificially by making lending unrealistically over-available leading to rise in home prices well beyond their actual value. 

Love this good conversation stimulating post.

However, if you really want some more stimulating reading on the topic, you can go here: Understanding California

Any idea if lenders have tighten up the screws in current situation or they're more relaxed to stimulate the economy specially since they have absolutely no requirement for reserves. 

My philosophy in business is to always be thinking differently and outside the box in every aspect and provide all my resources to anything we may be invested in to harbor a positive relationship to stimulate growth as an activist investor.

I would love to see this stimulate out-of-state money into my area in West Virginia - the state of WV has some incredible opportunity, and this may help some folks actually take advantage of that opportunity.

Real estate can provide cash flow to adjust your lifestyle, but there are only so many beaches I can see and my mind needs to be stimulated or I get bored.

That way when we do enter a recession the Fed will have greater ability to stimulate the economy by lowering rates back down...Side note - Everyone expected rates to raise last year also and they actually fell a bit, so who really knows?

IMO, the economy has been artificially stimulated for a while now.

This has been a very stimulating forum thread so far.