Did flippers trigger the housing crash of 2008?
New research shows that flippers and investors are more responsible for the housing crash of 2008 and near economic collapse, then subprime borrowers per this article
https://qz.com/1064061/house-flippers-triggered-the-us-housing-market-crash-not-poor-subprime-borrowers-a-new-study-shows/
What are everyone's thoughts?
Most Popular Reply
Admittedly I didn't read this article, but I the findings of most research varies depending on who is funding it.
Concerning the crash, and most large events throughout human history, it wasn't just one factor or another. The borrowers shouldn't have borrowed the money, the lenders shouldn't have lended it, and the government shouldn't have backed it and encouraged the lenders. Everyone played their role, and each player blames the other.