There was a worldwide (or at least a North American and European) housing bubble.
Many warned about this years ago, and were basically laughed at.
It has popped, and the correction is painful.
I probably put to much onus on Fannie and Freddie, but they are still related to the problem.
Yes, I can grasp that. Corrections are painful. But completely crippling to the point it seems we are about to see?
Surprising that the same thing happening in Europe. At least, with America, the population is growing so there’s a reason for the expansion of the housing supply. But with Europe, the population is declining throughout the continent so how can a bubble exist in the first place?
Surprising that the same thing happening in Europe. At least, with America, the population is growing so there’s a reason for the expansion of the housing supply. But with Europe, the population is declining throughout the continent so how can a bubble exist in the first place?