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Why the Housing Market Is so F%#@ing Insane Right Now

The Breakdown

00:00

New Housing Construction Tanked in the Great Financial Crisis

The economy crater is driven by a housing bubble bursting. Some constructions are halted midway, and other areas, demand completely falls out. By the end of the great financial crisis, two point one million construction workers were out of a job. Construction jobs were down by more than a third. Even when the economy recovered, construction never returned to its pre-crisis levels.

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