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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

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

[–] • 0 pt

I think you're right that many Whites are in a position to take advantage of a housing correction.

There aren't as many issues at play in the housing market. We don't have the same collection of failures to converge into a similar disaster as 08. The main lacking factor in 08 was with the banks.

[–] • 0 pt

Do you think blackfuck will not buy more up, or is their grift running thinner without USAID money?

[–] • 1 pt

They might try, but I think there are a lot of individual buyers with money on the sidelines. Since rates are dropping that money will also come into play.