Wages are stagnant and cost of living is ridiculous. Are we headed for a crash?
vxx @ vxx @lemmy.world Posts 24Comments 1,150Joined 2 yr. ago
vxx @ vxx @lemmy.world
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This happened one day in the window well outside my office. I got banned from r/pics for posting it.
This happened one day in the window well outside my office. I got banned from r/pics for posting it.
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.