Uh, no.
The housing bubble was caused by ridiculously low interest rates that inflated the price of anything that is typically purchased on credit.
“The housing bubble was caused by ridiculously low interest rates that inflated the price of anything that is typically purchased on credit.”
I’m pretty sure it started when the dims deemed everyone who could fog a mirror would get approved for a 100% loan on a house the could not afford. In order to avoid a complete loss, they rolled all those subprime mortgages into the pot with the rest of us and royally screwed the whole thing.