4 ms·
> When will it finally crash? Housing prices has reached a level of nonsense again. 2007 was not about high housing prices. It was about ridiculously easy mort
by ramblerman 7y ago
> When will it finally crash? Housing prices has reached a level of nonsense again.
2007 was not about high housing prices. It was about ridiculously easy mortgages and everyone was able to afford a house outside their genuine payback limit.
The symptoms can appear similar, with different causes.
- mywittyname 7y agoAnd the subsequent secularization where the institutions creating the MBS cleverly hid the underlying risk of the assets from investors.