3 ms·
Housing market crash is not inevitable. The market crashed in 08 because banks gave loans to unqualified people who could not afford their mortgage(s) otherwise
by RONROC 5y ago
Housing market crash is not inevitable. The market crashed in 08 because banks gave loans to unqualified people who could not afford their mortgage(s) otherwise.
The current housing “bubble” is driven by-and-large by private equity groups who see the real estate market (more so the single family home) as the safest place to park their money.
Thing is, these people can afford them.
- bruce343434 5y agoMore of an "entire society" crash then as actual working people fail to acquire homes.
- RONROC 5y agoI agree. Once Wall St becomes your landlord, something is irreparably broken.