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Market shock · 2008
The housing crash
A bargain. A loss.
The US housing crisis brought falling home values, foreclosures and a severe recession. Security could deteriorate without a person becoming less capable.
- The choice
- Whether, where and how much to borrow—within the options available.
- The circumstances
- A recession, falling prices and income shocks.
- A different position
- Lower prices can help a cash-ready buyer while hurting an indebted owner.