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During the days of the Great Recession, rapidly falling home prices caused all sorts of havoc for our major financial institutions. Unfortunately, home prices are starting to plummet once again in many areas of the country. And just like during the last housing crash, we are also seeing a surge in foreclosure filings. That doesn’t mean that this current crisis is going to look exactly like what we experienced the last time around. But nobody can deny that there are a lot of alarming similarities between what we are going through now and what we went through during the days of the Great Recession.

Research from Zillow revealed that approximately 53% of all U.S. homes have lost value since last year, up 14% from a year ago.

`During the days of the Great Recession, rapidly falling home prices caused all sorts of havoc for our major financial institutions. Unfortunately, home prices are starting to plummet once again in many areas of the country. And just like during the last housing crash, we are also seeing a surge in foreclosure filings. That doesn’t mean that this current crisis is going to look exactly like what we experienced the last time around. But nobody can deny that there are a lot of alarming similarities between what we are going through now and what we went through during the days of the Great Recession.` `Research from Zillow revealed that approximately 53% of all U.S. homes have lost value since last year, up 14% from a year ago.`
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[–] • 0 pt

The outcome will be the same, no?

No

[–] • 0 pt

Oh really so it won’t be mass foreclosures, empty property, price reduction and then a surplus?

What will it be?

[–] • 1 pt

it won’t be mass foreclosures, empty property, price reduction and then a surplus?

This but not 'mass'. It won't cause a crisis.

Hopefully kicking out illegals will open up even more housing.

[–] • 0 pt

Ok I can subscribe to that. Yes not a real crisis, correction that leans to Whites having home ownership.