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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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[–] • 2 pts

The lesson should be don't buy what you can't afford and equally, don't sell if at all possible. People are being gaslighted into selling property so the 21st feudal lords can rent you into oblivion.

Using Illinois as anything other than worst case scenario is a red herring. Full of nigger politicians and a billionaire jew governor, it has the highest property taxes in the cuntry and one of the highest murder rates.

Giving illegal nons mortgages is a purposeful boondoggle to cripple a nation. As legitimate as Hillary Clinton's cattle futures.

[–] • 1 pt

Truer words haven’t been spoken!