A Guide For Young Buyers To Understand The 2008 Mortgage Crisis
The average age of today’s first-time home buyer is 32 years old.
This means that ten years ago when the U.S economy entered into what would become the worst economic crisis since the Great Depression of 1929–today’s first-time home buyer would have been in their late teens to their early twenties.
While no American can deny having seen the effects of the recession in the late 2000’s, those Americans that are now buying their first home likely don’t know or understand what caused the mortgage crisis and intern the crash of the economy.
While we want to avoid sounding like your economics professor here, we do feel it’s important that all of you young buyers out there…