In events leading to the collapse of the housing bubble,inflated home values created:

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Inflated home values created a false sense of wealth among homeowners, which increased their willingness to spend and fueled aggregate demand. As a result, the housing bubble expanded rapidly until it eventually burst, leading to widespread defaults and foreclosures. The aftermath of the housing crisis caused significant economic damage, including a sharp decline in GDP and high unemployment rates.

In Events Leading to the Collapse of the Housing Bubble,inflated