After the housing market collapsed, many homeowners owed more on their homes than their homes were worth because

Question

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All of the above choices contributed to homeowners owing more on their homes than their homes were worth after the housing market collapsed. Small down payments meant that the homeowners had not built up much equity in their homes, while taking out home equity loans further increased their debt. The sharp decline in home values that occurred during the housing market collapse made it more likely that homeowners would owe more on their homes than they were worth.

After the Housing Market Collapsed, Many Homeowners Owed More on Their