On today’s show we’re taking a look at the extent to which our housing market is completely addicted and driven by the availability of debt.
There are some powerful lessons to be learned from the financial crisis of 2008. It was the near insolvency of thousands of banks and insurance companies that precipitated a massive lack of liquidity in the lending market. The unprecedented bailout of banks and insurance companies by the federal government and by extension the federal reserve came with some very stringent underwriting criteria. On today’s show we look at the market statistics from two markets and try to make sense out of the data.
Host: Victor Menasce