When the American real estate market crashed in 2006, so did the second mortgage financing that enabled homeowners to make credit card problems disappear. (usdebtrelieffirm.com)
The modest house that she was once ashamed of and her parents later refinanced to afford paying for tuition, also significantly dropped in value as real estate market crashed and burned entirely. (veronikasfilmreviews.com)
BMO estimates that at this pace, mortgage payments as a percentage of income will hit 1989 levels within 24 months — the same year the Toronto real estate market crashed. (moneysense.ca)