I think in order to understand what the housing crisis is and was, we need to take a look at what a crisis is and why we react so fearfully to the economic ebb and flow of the natural market. Wikipedia states that a crisis “may be a traumatic or stressful change in a person’s life, or an unstable and dangerous social situation, in political, social, economic, military affairs, or a large-scale environmental event, especially one involving an [Read more…]