Sentences with phrase «last housing bubble burst»
Just 11 years after the last housing bubble burst, the United States is in the midst of yet another boom — both caused by errant federal housing policy and inflated by regulatory malpractice.
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At the same time, Burry, who made a fortune in last decade's financial crisis by betting that the housing bubble would burst, is also gaining a following north of Hollywood, as a Silicon Valley tech investor.
The bursting of the last decade's housing bubble wiped out trillions in household wealth, cost more than 5 million Americans their homes and triggered the Great Recession.
Real estate investments haven't performed so well over the last couple years, as the bursting of the housing bubble really hurt the market and impacted many lives in a negative way.
In 2006, before the last housing collapse, Trump stated: «I sort of hope that happens [the housing bubble bursts] because then people like me would go in and buy.»
Losses of more than $ 50 billion on mortgages it insured as the housing bubble burst caused it to take a taxpayer subsidy of $ 1.7 billion last year, the first in its 80 - year history.
Olsen attributed the decrease in large part to the easing of credit standards over the last few years, as well as a generally stronger set of applicants since the housing bubble burst.