In recent years we have seen how the banks have given a lot of facilities to its clients so they can purchase goods as necessary as it is housing. In order to let mortgages available to more people, have created conditions that at first glance, are very convenient for the applicant’s credit. Even many people have seen the purchase of houses and other property as a business in which you can get a big profit. The video included below, contains a short report by ABCNews which exemplifies how a housing bubble can be fed as a matter of time before it exploded, with the dire consequences that we know for families, investors, financial institutions and the economy in general.
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