In 2008, the housing market crashed and sent millions of Americans scrambling to build value in their homes that were worth much less than what they had been originally purchased for. The housing market, once propped up with speculative spending, a “too big to fail” mentality, struggled to find its bearings, plunging double digit percentage points.
Americans were stunned by this, as it took to hurt one of their prime investments for their future–a home. With housing prices falling, Americans lumbered into one of the worst recessions in American history–some said the worst since the Great Depression from 1929 to 1933.
Americans scrambled to find the money to stay afloat. Millions of people were laid off from their jobs. Unemployment, at its height, reached over 14%. The country’s economy was havin