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[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

yeah they had a housing bubble burst, people couldn't afford their mortgages due to high gas prices. Right now everything is up with inflation. The ubble is bursting and people will default on mortgages but this time they already bailed out the banks because they see it coming.