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Effects of the Great Recession in 2008-2009
Posted: Fri Jul 21, 2017 12:15 pm
by 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.
Re: Effects of the Great Recession in 2008-2009
Posted: Mon Jul 24, 2017 4:40 am
by DDonovanKinsolving
SteveS wrote: Fri Jul 21, 2017 12:15 pm
... which actually saved the hosing industry...
Was that a Freudian slip? A lot of people felt the bank bailouts hosed them.
-Derek
Re: Effects of the Great Recession in 2008-2009
Posted: Mon Jul 24, 2017 4:56 am
by 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.
