Large high risk loans predicated on rising house prices
People had been taking out loans that were dangerously disproportionate to their incomes to buy houses in the expectation that a continuing upward trend in house prices would more than justify the costs and risks of the loans.
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The Global Financial Crisis »The Global Financial Crisis
Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
Bubble in US house prices collapsed »Bubble in US house prices collapsed
Large high risk loans predicated on rising house prices
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