Sentences with phrase «class housing price bubble»

This could happen due to a Great Depression class housing price bubble collapse, or more likely due to something like the discovery that there was a toxic waste dump under the house, or due to the discovery that the house had defective foundations and was at risk of collapsing as a consequence of bad soils or bad workmanship.

Not exact matches

The Congressional Budget Office defines asset bubbles as: «An economic development in which the price of a class of physical or financial assets (such as houses or securities) rises to a level that appears to be unsustainable and well above the assets» value as determined by economic fundamentals.

You know what triggered ’08 was the underlying asset class, which the bubble was based on, in that case housing, those prices peaked and began to drop.

Housing prices, thanks to the bubble and inflation, have risen well past the point where the median (or typical middle - class) family can afford them.