What’s the Reason For The Housing Bubble Bursting In the US

In the period between 2004 and 2006, the new US household mortgage debt stands at staggeringly high $8 trillion. The reasons for this appallingly high mortgage debt are far too many and that includes negligible and improper documentation of borrower’s income status coupled with almost no down money for mortgages. This resulted in great amount of increase in the borrower’s monthly payments within few years of taking the loan.
From my understanding of the situation of, I believe there are More







