Yes, all of the same arguments we hear today were made nearly 30 years ago on the eve of a painful
real estate correction.
Crowe told Business Insider: «We've gone back and we've looked at every single real
estate correction in the last three decades in the UK.
Recent experience in the U.S. demonstrates that amid a substantial
real estate correction, consumers borrow and spend less, and save more.
Sub-prime asset - backed securities, collateralized debt obligations and increased leverage magnified what might have been a contained real
estate correction to a broader financial collapse.
The Twitterverse is full of snippet - warnings on the impending real
estate correction that's just around the corner.
In other words, what * could * happen if there was a real
estate correction?
We all know at this point that the evaporation of mortgage products and employment elimination or insecurity is what has caused and continues to cause the great real
estate correction.
If values had remained flat and there wasn't a Real
Estate correction you would be going from a home valued at $ 500,000 up to a home worth $ 700,000.