LogFAQs > #167920

LurkerFAQs ( 06.29.2011-09.11.2012 ), Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
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Topicits really crazy how similar the economy situation is to the great depression
Mega Mana
08/04/11 7:07:00 AM
#11:


Not really the internet though. Real estate ventures and McMansions led much more to the mortgage crisis than the internet. Waning interest in buying large properties for tons of money, as well as all that crap zero interest, no money down stuff from the banks. It's like stocks. Stocks were just bought, bought, bought with seemingly little recourse and when everything crashed, everyone's money went with it even the people who weren't apart of it. Same for properties. Real estate has sucked the past decade or two. Giant ass yards with one big house when you could easily fit four or five good-sized two-stories with a lot of yard.

Everyone partied for a decade, rolled around in cash, everything collapsed, and it sucks.

--
"Oh my God MWIS. I just really want to ask, if this is a SMALL CYOA.... what in the name of holy blue christ is a big one?!" - ExTha
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