Remember when houses were worth more than they are now? Remember when the value of a home would go up almost overnight? You could buy one on Tuesday and sell it for a profit by Friday.
Yeah…good times.
Until the bubble hit. And then it wasn’t such good times; in fact it was bad times. Really bad times.
The housing bubble hit all of us in some way or another. For many of us, our homes are worth less now than they were before; we still haven’t caught up. And the economy? Well, we know how THAT has played out. So, with the the downside of such a bubble being so, well, down, the lessons we learned just a few short years ago should still be fresh. Should still be pertinent, right?
Wrong.
