Isnt a crash in the housing market a good thing for the average person?
The crisis happened because everyone got credits to buy a house, even if they shouldnt, and banks made money by betting against them ever paying it back. This caused a huge bubble that had to burst.
It was more a housing-credit crash than anything else.
Sure, it’s bad for people wanting to sell their house to make profits, but it’s good for people that want to buy a house.
Only if there’s laws in place to keep the ultra rich from buying up multiple properties, otherwise it’s just an opportunity for people to keep hording homes to rent out.
Could the housing market crash independently? Or would it be always with the other markets?
Isnt a crash in the housing market a good thing for the average person?
The crisis happened because everyone got credits to buy a house, even if they shouldnt, and banks made money by betting against them ever paying it back. This caused a huge bubble that had to burst.
It was more a housing-credit crash than anything else.
Sure, it’s bad for people wanting to sell their house to make profits, but it’s good for people that want to buy a house.
Only if there’s laws in place to keep the ultra rich from buying up multiple properties, otherwise it’s just an opportunity for people to keep hording homes to rent out.