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PaperclipPerfector  1yr ago (text post)   4451 thread views

Small-Scale Question Sunday for November 19, 2023

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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Man, I definitely remember reading about this at the time, but I can't seem to find anything solid on it now easily. I'm pretty sure that the severe real estate price swings were limited to a few counties in IIRC South Florida, Southern California, and around Vegas. Everyone else was mostly okay, at least as far as real estate investments, provided they didn't take out a crazy mortgage for something that they couldn't actually afford. Most of the nationwide and worldwide pain was from the knock-on effects of the banks' investment instruments collapsing.

Although the phenomenon might have been more severe in those places, it happened in Chicago, Washington, DC, the SF Bay Area, and Phoenix. But not in Pittsburgh or Houston

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