The housing crash in 2008 happened mostly because loans were super cheap and the government pushed people to buy homes. With really low interest rates, a lot of people could get mortgages even if they couldn’t really afford them. Because so many people were buying houses, prices kept going up really fast, which wasn’t normal. Eventually, too many people couldn’t pay their loans, and the bubble popped, causing the whole market to crash.
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Chapter 10
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