TITLE

Housing collapse fueled by gas prices

AUTHOR(S)
Herring, Peg
PUB. DATE
April 2012
SOURCE
Western Farm Press Exclusive Insight;4/ 9/2012, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers information on a study that cites the role of rising gas prices in triggering the U.S. housing crisis that started in 2007 and eventually led to a worldwide financial crisis. Conducted by economists at the University of California, the study explored the role of subprime mortgages and lax lending practices as inflating the house bubble but the prices of gasoline was considered as the trigger of the crisis.
ACCESSION #
75901312

 

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