Warning: Housing Bubbles Tend to Burst. Here’s How Agents Can Prepare
The Close
MARCH 15, 2022
One year later, in September 2008 when Lehman Brothers—the nation’s fourth-largest investment bank—filed for Chapter 11 bankruptcy, it signaled the start of the largest real estate crash of our lifetime. As agents, we knew that 100%, no-document lending was wrong, but we didn’t know the consequences. I was fortunate.
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