Property News · February 28, 2016

Big Short's version of housing bubble entertains but reality disappoints


Across the US worries of a new real estate bubble are mounting as Oscars contender’s stars and producers prepare for big night One of the contenders for best picture at the Oscars is The Big Short, the saga of just how we merrily raced off the side of a financial cliff in the years leading up to 2007.The movie somehow manages to make entertaining the insanity behind both the housing bubble and the golden years on Wall Street that accompanied it. It chronicles how a few naysayers saw the writing on the wall, recognized that the frenzy of lending to sub-prime borrowers likely would come to a grisly end, and bet against the trend, massively. Continue reading…

Source : theguardian.com
Read more…Big Short’s version of housing bubble entertains but reality disappoints

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