TSA, TSA, TSA

How so?

I'll try to simplify it as much as possible, not because I don't think you couldn't understand otherwise, but to keep it simple for the sake of conversation.

The bubble was created and overly inflated when subprime loans increased across the country. The increase was due to the changes made to the community reinvestment act put in place in the 90s, this allowed borrowers to be much more relaxed in who they give loans to. The more people being allowed to get loans created a much higher demand for loans. This created and flooded the market with a new demand for different jobs related to lending money and selling homes. With the new bend in laws it allowed lenders to be much more flexible and with all the competition it encouraged more people to make more shady deals by manipulating and taking advantage of customers who did not fully understand what they were getting in to i.e. senior citizens, minorities etc. When they flushed this money out to people the demand on homes sky rocketed which sent the values of each and every home through the roof. Once these bad paper loans transitioned from interest only period loans to P&I loans the borrowers could no longer afford the payments and defaulted on their loans. Thus began the decline, more and more homes being foreclosed, less and less homes on demand, the value of homes crumbling, this trickled down to less and less work for those newly created jobs leads to people being laid off through out the entire industries. .

That's about as brief as I can put it and that is just the beginning once this happened it trickles out to each and every other market and industry not just realty/loans/titles/insurance

How so?

I'll try to simplify it as much as possible, not because I don't think you couldn't understand otherwise, but to keep it simple for the sake of conversation.

The bubble was created and overly inflated when subprime loans increased across the country. The increase was due to the changes made to the community reinvestment act put in place in the 90s, this allowed borrowers to be much more relaxed in who they give loans to. The more people being allowed to get loans created a much higher demand for loans. This created and flooded the market with a new demand for different jobs related to lending money and selling homes. With the new bend in laws it allowed lenders to be much more flexible and with all the competition it encouraged more people to make more shady deals by manipulating and taking advantage of customers who did not fully understand what they were getting in to i.e. senior citizens, minorities etc. When they flushed this money out to people the demand on homes sky rocketed which sent the values of each and every home through the roof. Once these bad paper loans transitioned from interest only period loans to P&I loans the borrowers could no longer afford the payments and defaulted on their loans. Thus began the decline, more and more homes being foreclosed, less and less homes on demand, the value of homes crumbling, this trickled down to less and less work for those newly created jobs leads to people being laid off through out the entire industries. .

That's about as brief as I can put it and that is just the beginning once this happened it trickles out to each and every other market and industry not just realty/loans/titles/insurance