{"id":134893,"date":"2024-08-05T09:49:24","date_gmt":"2024-08-05T06:49:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134893"},"modified":"2024-08-05T09:49:24","modified_gmt":"2024-08-05T06:49:24","slug":"will-the-next-housing-market-crash-surpass-that-of-2008","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/will-the-next-housing-market-crash-surpass-that-of-2008\/","title":{"rendered":"Will The Next Housing Market Crash Surpass That of 2008?"},"content":{"rendered":"

The question at hand is whether the next housing slump will surpass the severity of the 2008 crisis. With rising interest rates, increasing household debt, and inflated home prices, many worry that a new crisis could overshadow the Great Recession.<\/p>\n

The financial meltdown of 2008 was triggered by several critical factors. Banks made subprime mortgages to borrowers with poor credit histories, and risky financial products such as mortgage-backed securities (MBS) and collateralized debt obligations (CDOs) became widespread.<\/p>\n

Economic optimism has led many to believe that house prices will steadily rise. When values fell, defaults increased, causing a wave of foreclosures and a collapse in the value of MBS. This led to a domino effect that seriously affected the financial system as a whole and precipitated a deep recession.<\/p>\n