Browsing the "mortgages became toxic assets" Tag

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Planned Obsolescence & the Bubble That Burst: Part 4

By the time this century hit, real estate was now considered by many to be a great short-term play that could yield as much as 10 or 20 percent. Commonplace homes and condominiums, priced from $125,000 to $150,000, were said to return tidy profits in less than two years. No muss, no fuss; just let inflating prices happen. All one needed to do was buy a ticket on the real estate train and make sure they were on board.

October 10th