The Housing Crash and Smart Growth

Policy Reports | Energy and Natural Resources

No. 335
Thursday, June 02, 2011
by Wendell Cox

There is general agreement the financial crisis that began with the failure of Lehman Brothers on September 15, 2008, was worsened by the bursting of the U.S. housing price bubble. It is also generally acknowledged that some of the fuel for the housing bubble came from a relaxation of mortgage loan standards that allowed many families to purchase homes they could not afford with loans on which they subsequently defaulted.

Click here to view entire article.


Read Article as PDF