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|#47 - >not wanting what is essentially an immortal god GOML scrub [+] (3 new replies)||9 hours ago on cars that actually exist||+1|
|#70 - Well, they were bred for killing, so have them help with hunti…||9 hours ago on The media be like...||-1|
|#229 - >anon Sign in and maybe I'll listen to you. Additionall…||10 hours ago on Anon talks about the afterlife||0|
|#41 - Treadmills are the only machines I can think of that use energ…||10 hours ago on Pretty much /:||+2|
|#62 - I never said that pit bulls shouldn't be owned, but I sure as … [+] (2 new replies)||11 hours ago on The media be like...||-1|
|#61 - Also.||11 hours ago on The media be like...||-1|
|#8068159 - Aw, how sweet. [+] (1 new reply)||11 hours ago on Safe For Work Random Board||0|
|#762 - We're not disagreed there, especially on government protection… [+] (1 new reply)||11 hours ago on Anyone work in food service?||0|
#763 - pebar (11 hours ago) [-]
It's pretty complicated, but the beginning of the housing thing started before Clinton.
It was a long push to try to increase affordable housing and that drove up prices. As prices were rising, people thought it would be a good idea now to buy because it would be more expensive later; this further drove up prices. This self-feeding frenzy is called a bubble. You often hear news commentators talking about the "housing bubble." When people finally started to sell, the prices dropped. As prices were dropping, people saw that the investment opportunity was over and everybody started to sell at the same time; this sent prices through the floor. This is called the bubble bursting.
The way things are set up, people are allowed to trade loans. Loans are often bundled together and people (not just banks or wall street) will invest on them as a whole. When the housing bubble burst, a lot of people lost a shit ton of money at the exact same time.
|#761 - I've seen it used numerous times in the current political clim… [+] (1 new reply)||11 hours ago on Anyone work in food service?||0|
#764 - pebar (11 hours ago) [-]
|#759 - I won't deny that that is a frequent problem, but that doesn't…||11 hours ago on Anyone work in food service?||0|