The term “house poor” took on a new meaning when the housing bubble burst in 2006-2007. Then housing values hit even newer lows in 2012. Home foreclosures spiked from roughly 885,000 in 2005 to 1,259,000 in 2006, an increase of approximately 42%, according to Wikipedia’s timeline of the U.S. housing bubble. A downturn in the […]
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