 We got the housing collapse in 2008. George Bush got blamed for it. It wasn't fair. George Bush tried to fix Fannie Mae and Freddie Mac early in his tenure, and the Democrats refused to. You can't allow people who aren't qualified to buy a house, buy a house, because they'll end up losing the house and will walk away from the mortgage when it becomes cheaper to rent or they can no longer make the payments. That's what happened in 2008 with the catastrophic collapse.