Housing Network

Anon asked: The housing bubble was caused by many factors such as:
- Cultural changes such as increased divorce rates, singletons living alone.
– Immigration.
– Speculation and investing.
– Cheap Credit allowing people to buy more than they could afford.
– Rich foreigners moving to UK.
How much did each factor contribute to the bubble? [...]

tich302001 asked: with the housing recession happening in the US and UK is starting to feel the pinch. If the UK had a recession the likes of 1992’s black wednesday when the pound fell out of the european exchange rate mechanism. Would a UK recession affect the US ecconomy do both ecconomies depend on each [...]