Lesson 8: Housing Market Collapse and Foreclosure Tsunami 2008-2012

September 26, 2017

Review:

• Deregulation and the 2008 Housing Crisis
• Term Project

Presentation:

• Home Price Index (HPI): Bubble, Bust and Recovery

• Click for 10 Metro Area HPI Interactive Chart

• Mortgage Meltdown as reported on CBS 60 Minutes
  • US Mortgage Meltdown (May 2008; 14 min)
  • Walking Away from Underwater Mortgages (May 2010; 12 min)
  • Neighborhood Deterioration (Dec 2011; 13 min, start at 2 min)

Assignment:

• Read my “Banks are Destroying America’s Neighborhoods” blog posts (2012)
  • Part 1
  • Part 2
• Work on your term project