Jul 31, 2017
Ryan Poelman, Sean Walker of Nudge Real Estate are always being asked whether now is a good time to buy a home. Having lived through the recession, they're a little timid.
So Ryan and Sean give a bit of history on why the real estate market crashed in the first place. It all goes back to The Depression
Glass Stiegel was put in place to regulate banks during The Depression and wasn't changed until the end of the century.
This opened up investment options for banks that they didn't have before. Banks invested in mortgage backed securities. That motivated mortgage companies to issue less secure loans. This created a real estate bubbles as financing was so easy to get.
Amazingly, the real estate market has bounced back to pre- recession highs.