Month: May 2014

Why the Housing Bubble Tanked the Economy And the Tech Bubble Didn’t

We answer this question in our post for Fivethirtyeight.com. Here’s an extract. In 2000, the dot-com bubble burst, destroying $6.2 trillion in household wealth over the next two years. Five years later, the housing market crashed, and from 2007 to 2009, the value of real estate owned by U.S. households fell by nearly the same amount — …

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Chicago and the Causes of the Great Recession

Great Recession happened in December 2007, where millions of people lost their job, house prices going down, and economies going downhill. But did you know that some recession proof industries not just survived but somehow thrive during those unfortunate times compared to the negative impact it has caused the Housing Market? One of the main …

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