Vicious circle once the collapse gets underway
Foreclosures lead to falling confidence and prices, which draw more homeowners into negative equity, cutting off the abillity to borrow further against the value of their houses, which in turn leads to further foreclosures...
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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
Vicious circle once the collapse gets underway
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