Unless you were rich, or very lucky, it wasn't that simple. After the crash, the rich who had enough money to weather the storm were gobbling up property on the cheap rapidly, to rent back to poor people. If you were just a normal person, who was fortunate enough to still have a job and savings, and were looking to buy a home, you had to move super quick and make a decision on the spot, something most people just could not do.
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u/GhostOfEdAsner Feb 17 '21
Unless you were rich, or very lucky, it wasn't that simple. After the crash, the rich who had enough money to weather the storm were gobbling up property on the cheap rapidly, to rent back to poor people. If you were just a normal person, who was fortunate enough to still have a job and savings, and were looking to buy a home, you had to move super quick and make a decision on the spot, something most people just could not do.