Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "California's 2022 Housing Crash ALREADY STARTED...(You Just Don't Know It Yet)" video.

If that were the case, the damage would have been restricted to the US. It was actually worldwide and much caused by derivatives being package and sold. Epicenter was London traders and firms. Iceland went bankrupt. Domestically, only a small proportion of foreclosures were subprime. For sure easy lending was a problem. This included adjustable, loans, no doc, negative amortizing, interest only etc. However many more factor. once prices start to fall for whatever reason, a whole new set of fears set in and selloffs occur. Same in 1987 where events took place that culminated in massive failures of savings and loan companies and massive real estate downturn. Subprime was not a word even used in those days. Certainly can happen for different reasons. Fastest growing loan type today? Adjustable rate. Will see what happens.
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