The Menace of Mortgage Debts:
Lessons from the Great Depression Series: Part IV: Where do we go After the Housing Crash?
As we approach Super Duper Tuesday, a day that is historical in magnitude, we need to reflect on how we got into the current housing mess. It would be easy to say that the mortgage problems simply arrived over night but they have been building up for a decade. This housing crisis is unprecedented; that is until we look at the mortgage mess from the Great Depression. On Saturday, I was digging through journals written during the Great Depression and found an article written by Arthur Holden for Harpers in 1932, four years into the Great Depression. This will be the fourth part in our Great Depression series:
1. Personal Story by a Lawyer from a Previous Asset Bubble. Can we Learn from the Past and How will the Housing Decline Impact You?
*A story from a lawyers perspective highlighting the societal impacts of foreclosures. Many things are eerily similar to what we are currently entering into.
2. Lessons From the Great Depression: A Letter from a former Banking President Discussing the Bubble.
*With the current corruption on Wall Street and shady rogue traders, you have to wonder when are good bankers going to step up to the plate?
3. Florida Housing 1920s Redux: History repeating in Florida and Lessons from the Roaring 20s.
*Think we can learn from history? Florida already went through what they are currently going through in the 1920s. Read for insight into future trends.
http://www.doctorhousingbubble.com/the-menace-of-mortgage-debts-lessons-from-the-great-depression-series-part-iv-where-do-we-go-after-the-housing-crash/
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