The Modern Housing Crisis

Hands holding scissors cutting "un" off of "affordable"

Historical Context Discussion of a modern housing crisis demands that we consider former housing crises—namely, the 2008 housing crisis, when the securitization of residential mortgages produced a bubble that blasted a 1.6 trillion-dollar hole in the American economy. In the late-1900s and throughout the early aughts, Wall Street’s desire for mortgage backed securities, combined with […]


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