What was one of the major factors causing the housing bubble to burst in 2008?
A) The lack of local zoning ordinances
B) The global financial sector became dependent on unregulated financial instruments that could only remain valuable if housing prices continued to rise.
C) Efforts by state governments to induce uncontrolled growth by subsidizing housing loans
D) Severe land use regulations were put into place in 2007 by hundreds of local governments.
Correct Answer:
Verified
Q23: Which of the following is NOT true
Q24: Which of the following is NOT true
Q25: Slow growth forces had their earliest influence
Q28: Which of the following is NOT true
Q30: Regarding challenges to their exclusionary effects,local zoning
Q32: Local governments may be limited in how
Q33: Local politics in most American cities revolves
Q35: As suburbs became increasingly popular,which of the
Q36: Which of the following is NOT true
Q39: Local zoning originated in
A)Los Angeles.
B)Chicago.
C)Miami.
D)New York City.
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