So: low interest rates caused the housing bubble. Could you explain how that happened exactly? Many things caused the housing bubble, but printing money (causi

So: low interest rates caused the housing bubble. Could you explain how that happened exactly? Many things caused the housing bubble, but printing money (causing low interest rates) was a huge part of it. It works like this: when something becomes cheaper, more people purchase it. Interest payments are a huge part of the cost of buying a house. When they get a lot cheaper... People forgot that interest rates can't stay cheap forever. And when money gets expensive again, housing prices tank. This, BTW, is a great insider account by someone who was in the trenches. A confession from a home ownership advocate http://www.ft.com/cms/s/2/f64a9e36-9da3-11de-9f4a-00144feabdc0,dwp_uuid=a712eb94-dc2b-11da-890d-0000779e2340.html http://www.ft.com/cms/s/2/f64a9e36-9da3-11de-9f4a-00144feabd...