Effects of the Great Recession in 2008-2009

[SteveS]

The Great Recession of 2008 led to rock bottom interest yields which led to this:
http://www.msn.com/en-us/money/markets/ ... li=BBnbfcN
which actually saved the hosing industry--but drove rental prices through the roof.

[DDonovanKinsolving]

... which actually saved the hosing industry...

Was that a Freudian slip? A lot of people felt the bank bailouts hosed them.

-Derek

[SteveS]

Derek wrote:

A lot of people felt the bank bailouts hosed them.

Of course it 'hosed' the ordinary working person. Have you seen the movie the Big Short??? This movie, imo, explains exactly why & how the ordinary working person was 'hosed.' Because of the fundamental effects of the Great Recession to the housing market, allowed certain well capitalized big protected institutions a huge opportunity by buying homes at a huge discount and since the ordinary working person could no longer afford to qualified for purchasing a home--this created a huge rent demand--which of course the big institutions took advantage. Its always the ordinary working person who is taken advantage of in today's so-called modern economic society.