Property bubble will have huge impact on regional economies
Oct 03, 2010
The United States is no stranger to real estate booms and busts. In fact, those cycles tend to happen from state to state during different periods of time.
But the grand daddy of all boom and bust cycles took place between 2000 and 2005 when property prices surge beyond any fundamental justification.
The rising prices of property meant that banks started to seek more and more marginal quality buyers, which we all know today as subprime borrowers.
via Property bubble will have huge impact on regional economies.
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