"People telling you there's no bubble and it's just a supply shortage because no one built a new house for 10 years, it's just all the millennials trying to buy the same house on the same day" on the very right at the (current) peak.
In 2012 the Obama administration made it so private investment firms could buy foreclosed homes from Fannie Mae and rent them out. Because they were worried that homes were getting too cheap.
I would draw an arrow pointing off the graph into the future labelled "the cool zone"
1997 I lost my virginity. Sorry about that, I guess. Serious answer: stuff related to sub prime mortgages?
Adding to that, there was legislation requiring financing for minorities in the early Bush years that ended up being used to rip a lot of people off when it all collapsed.
Honestly, 1997 wasn't really worth it. 2006? Now that was a year worthy of causing societal collapse. :acab: :hedonism:
I'd probably put several bank consolidations on there, especially the ones that created the Big Four. The repeal of Glass-Steagall woud make it on, and the founding of Airbnb would too.
Seems like your graph probably needs more graph to point out the really interesting shit
you mean starting earlier in time or just more detailed? or like, additional graphs superimposed to plot other things?
