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The Great American Housing Bubble
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The Great American Housing Bubble : What Went Wrong and How We Can Protect Ourselves in the Future

Book Details

Format Hardback or Cased Book
ISBN-10 0674979656
ISBN-13 9780674979659
Publisher Harvard University Press
Imprint Harvard University Press
Country of Manufacture US
Country of Publication GB
Publication Date Jun 1st, 2020
Print length 400 Pages
Weight 770 grams
Dimensions 16.70 x 24.20 x 4.10 cms
Ksh 7,350.00
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Adam Levitin and Susan Wachter argue that the housing bubble of the 2000s was caused by private-label securitization. Competition among Wall Street banks set off a race to the bottom in mortgage underwriting that inflated home prices but yielded huge profits before the bubble burst. To avoid déjà vu, w¬e need carefully regulated securitization.

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