Regulation

In 1977, Congress passed the Community Reinvestment Act.

"The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.^[1][2][3] Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.^[4][5]"

In other words, the government coerced lenders into making loans to people with bad credit. Bill Clinton increased the coercion.

"The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nation's banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups, intent, in some cases, on teaching their low-income clients that the financial system is their enemy and, implicitly, that government, rather than their own striving, is the key to their well-being.

The CRA's premise sounds unassailable: helping the poor buy and keep homes will stabilize and rebuild city neighborhoods. As enforced today, though, the law portends just the opposite, threatening to undermine the efforts of the upwardly mobile poor by saddling them with neighbors more than usually likely to depress property values by not maintaining their homes adequately or by losing them to foreclosure. The CRA's logic also helps to ensure that inner-city neighborhoods stay poor by discouraging the kinds of investment that might make them better off."

The consequence of this, fueled by Greenspan's money printing, was the subprime mortgage crisis. Even though government forced these banks to make subprime loans they didn't want to make, the lenders were ridiculously labeled predators and the loans were called predatory loans. To protect themselves from loans they knew wouldn't be paid back, loans the government forced them to make, banks created mortgage securities to reduce their risk, spreading that risk to the financial system. Now the government has done a 180. Some new consumer protection agency wrote regulations exactly opposite to the CRA rules in order to supposedly protect consumers from predatory loans.

"New mortgage regulations mandated by the Consumer Financial Protection Bureau went into effect this month. The rules are meant to hold lenders liable for bad loans and protect borrowers from loans they can’t afford."

You can't make this stuff up. This is a perfect example of how government intervention in the economy always creates worse problems than the problems it purports to solve, then government uses the problems it created as an excuse to further pervert the economy, creating even worse problems. These regulations will limit the number of housing loans made and increase the expense of getting a loan, depressing the housing market. Even the DDN recognizes this. We all know what happened the last time the housing market fell.

Regulations will delay or prevent space tourism the same way they delay or prevent everything else.