Crisis and Recovery: A Century of Housing Market Challenges
The Great Depression didn’t just crash housing prices; it exposed the deep flaws in the dream itself. Hard work alone couldn’t secure economic stability, especially during widespread collapse. Foreclosures skyrocketed, families lost homes, and the government’s response—like the New Deal—was essential to stabilize the housing market. Fast forward to 2008, rapid intervention like TARP and the CARES Act mitigated a prolonged recovery. Today, high prices and low inventory highlight the enduring struggle in the U.S. housing market.
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