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Paige Daugherty. The housing crash. Starting in the early 70’s. The prices of houses increased steadily around the world for years. Causes. More people in Ireland More younger people Fewer people in each household. Soon though the prices got too high People couldn’t afford them
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Paige Daugherty The housing crash
Starting in the early 70’s • The prices of houses increased steadily around the world for years
Causes • More people in Ireland • More younger people • Fewer people in each household
Soon though the prices got too high • People couldn’t afford them • Mortgage loans got to high • This lead to the crash
Economy • People could not afford houses or loans • Bankruptcy • House prices fell
Today • Ireland is having a hard time reviving the economy from the housing market crash