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Who was the first one to say everyone in America should own their own home? After that was said, their was no longer any down payments on a mortgage, the loan qualifications were relaxed, and building accelerated. big mistake, you can only build so many units a year for responsible borrowers. After the foreclosures started on unresponsible people, and everyone related to construction, which is almost every industry, started getting laid off, the foreclosures accelerated.
What else can I help you with?
What was the largest crisis of Bush?
The Housing Crisis.
Did president Bush cause the housing crisis?
No.
When did the housing crisis start?
The US housing crisis is commonly traced back to the mid-2000s, with the collapse of the subprime mortgage market in 2007 as a major triggering point. Risky lending practices, housing price bubbles, and financial market speculation all contributed to the crisis.
Who was disproportionately affected by the US housing crisis?
women
What is the resent crisis in economics?
Recent crisis is the outcome of housing bubble in the market, which got busted in 2007-08
Who was responsible for the Hungarian crisis 1956?
The communists
What has the author S S Duncan written?
S. S. Duncan has written: 'The housing crisis and the structure of the housing market' -- subject(s): Housing
What are the release dates for Twins - 2005 Housing Crisis 1-16?
Twins - 2005 Housing Crisis 1-16 was released on: USA: 17 February 2006 Australia: 27 November 2008
Is bank responsible for the recent global economic crisis?
maybe
Did George W. Bush sign a treaty to ease the US housing crisis?
I am assuming he did
Is the ozone layer in crisis because of tech?
Ozone layer is in crisis. Tech in some way is responsible because it was technology which created CFC's.
Did the housing crisis greatly affect realtors?
Realtors lose money when the housing market is weak.Many real estate brokers lost their jobs as there were not enough sales for all of them.
