I have studyed this stuff quite a bit. The deregulatian probebly had some effect but compaired with the effect the easy money had it was not that imprtend. There where other things like that the taxcode favers buying instead of renting. Asian saving lowered long term lones .....
Most importendly Fanny Mea and Fredy Mac could borrow cheap money from the Fed and went below equillibrium prices for a long time.
