In 2007 and 2008,the government faced a housing crisis caused by

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Quizplus · Accepted Answer

The housing crisis of 2007 and 2008 was largely caused by a rise in foreclosures, as many homeowners were unable to keep up with their mortgage payments due to predatory lending practices and the subprime mortgage market. This led to a glut of foreclosed properties on the market, which in turn brought down property values and caused further financial distress for both homeowners and lenders. While there were certainly issues with affordable housing at this time, this was not the primary cause of the housing crisis. There were also no shortages in the timber industry that contributed to the crisis.

In 2007 and 2008,the Government Faced a Housing Crisis Caused