What Caused the "Housing Bubble"??? Animated Answer Inside!

Everyone talks about the "Housing Crisis" and the "Housing Bubble" but very few know what exactly caused it. The only thing many people know is that lenders were giving out "Sub-prime Mortgages". While this is true, there is much, much more to the story.

While I could sit here and try to explain everything, you would probably leave my blog post fairly quickly. The following animated video on the credit crisis is absolutely amazing. It simplifies exactly what happened but does a great job explaining exactly what caused the crash of the housing market.

Be sure to check it out, you'll love it!