What caused the breakup of the initial bubble that caused the mortgage crisis?
I know that after the bubble burst of housing prices declined and interest rates higher. People with mortgages at preferential rates and began to default at high rates that sparked the crisis. What I know is why the outbreak of a bubble. It appears that housing prices have been steadily increasing since the WW2. How the housing market losing strength, while that a coup? Anyone know?
A combination of venture capital greedy cats until real estate values and a government ill-conceived solution to a bank of a loan by the ridiculously high purchase price, rather than simply reducing the price excessive. Market prices began solidly in the 80s when " capital goods "were in fashion ... they never came down. Now we will see home buyers. NAFTA has been the thought increasingly affected workers United States in its history. The number of companies exporting in all jobs pay scales is also in the hundreds of thousands of people. politicians always point to unemployment, but never dared to approach the term "underemployment", where there are people who have invested in MBA and doctoral disputed $ 10 per hour jobs. Now, most people can not really afford a mortgage charged excessive prices, but banks had to make a loan anyway. There is that have a combination of greed and uncontrolled customers economically crippled by stupid government policies caused the housing market in ruins. And rescued the rich ... go figure.
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