2008 Market Crash, Happening Again?!

[Ahmed Alswaiti]

Being in the real estate business, I enjoy watching real estate news on social media, it gives me peace of mind. But when it comes to watching people say we are headed for a market crash like what happened in 2008, this frustrates me. Let's get real for a second, the 2008 crash was driven by a housing bubble, risky subprime loans, and a complete lack of financial oversight. Today, we are just dealing with a different set of circumstances. Yes, market is volatile, interest rates are fluctuating, but the fact that we can't neglect is that banks are more regulated, lending practices are stricter, and the housing market is not based on a pile of risky mortgages.