Lesson 8: Housing Market Collapse and Foreclosure Tsunami 2008-2012
September 25, 2018
Review:
- Deregulation and the 2008 Housing Crisis
- Remarks regarding the Stock Market
- China Travel informational meeting
- Thu, Sep 27
- 3:30p-5:30p
- HSB 108
- Come and go as you please
- Scholarships and fundraising assistance available
Presentation:
- Home Price Index (HPI): Bubble, Bust and Recovery
- Mortgage Meltdown as reported on CBS 60 Minutes
- US Mortgage Meltdown (May 2008; 12 min)
- Walking Away from Underwater Mortgages (May 2010; 12 min)
- Neighborhood Deterioration (Dec 2011; 13 min, start at 2 min)
- “Banks are Destroying America’s Neighborhoods” blog posts (2012)
- Some housing markets in the US remind me of Pueblo in 2009-2011.
Assignment:
- Read State of the Nation’s Housing by Harvard Center for Housing Studies
- Prepare for discussion on Solutions to the “Affordable Housing Crisis”