You can thank federally guaranteed loans, banks required to lend to those unworthy of the credit line, and, of course, property tax tied to the value of the home. Don't forget massive increased demand for housing thanks to immigrants not even allowed to be here.
Higher education got stupid expensive, too, thanks to similar issues.
You can thank federally guaranteed loans, banks required to lend to those unworthy of the credit line, and, of course, property tax tied to the value of the home. Don't forget massive increased demand for housing thanks to immigrants not even allowed to be here.
Higher education got stupid expensive, too, thanks to similar issues.