The 2008 Real Estate Crash, often referred to as the Subprime Mortgage Crisis, was a catastrophic financial event that led to the Great Recession. This collapse of the housing market sent shockwaves through the global economy, wiping out trillions of dollars in wealth and leaving millions of Americans without homes. The effects were profound, leading to the downfall of major financial institutions, a massive government bailout, and a worldwide economic slump. Understanding the causes, impact, and lessons of this crash is crucial for anyone interested in real estate, finance, or economic history.
