The issue if you look at in a basic sense was that people were buying homes at inflated values. This was because homes appraised for those higher amounts. Banks loaned at those higher rates.
Sure, there was a big dance about legislation on lending practices.
Everything I described above is the same now as it was but on a much more inflated scale.
This situation is obviously a lot deeper than this basic explanation, however, nothing has changed from 2008 to now. All that happened was they threw a shit ton of money on a fire.
The issue if you look at in a basic sense was that people were buying homes at inflated values. This was because homes appraised for those higher amounts. Banks loaned at those higher rates.
Sure, there was a big dance about legislation on lending practices.
Everything I described above is the same now as it was but on a much more inflated scale.
This situation is obviously a lot deeper than this basic explanation, however, nothing has changed from 2008 to now. All that happened was they threw a shit ton of money on a fire.
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