Is this the 2008 real estate crash all over again…?!?!
Is this the 2008 real estate crash all over again…?!?!
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The crash of 2008 was caused by millions of bad loans given to people who could not afford the properties they were buying. Anyone could get a loan, regardless of their income, and many people made up information on their applications. This is not the case today, as loans are only given to people who can afford them and there are controls in place to prevent bad loans. The current real estate slowdown is being closely monitored by social media and the news, so no one will be caught off guard. This slowdown is normal and controlled, and in five years, people will wish they had invested.
The crash of 2008 was caused by millions of bad loans given to people who could not afford the prope