It was all done by design of Americas enemies in the true deep state. The real estate world was decimated by loose lending under Bush to get Obama into office.
Then Obama did his best to finish us off.
If I remember that Osama Obama ran a total of $1.25 trillion every year he was in office and now if Pres. Trump even comes close to this the Demoncrats and Lame Street Media has a hissy fit. We can’t control spending as long as we spend $0.25 trillion a year supporting illegals and who knows how much every year supporting folks who are too “mentally distressed” to work or those who just play the system.
Any political candidate who promises fiscal responsibility will lose, so nobody bothers with it anymore.