Many of them got to live in really big mcmansions they should not have been allowed to 'afford' for about 10 years. The labor spent building those houses could have been spent building twice as many small houses.
Those people got foreclosed. The banks got bailed out, took property off the market, and prevented the market to properly settle. Tons of people are still locked out of the market in order to protect everyone else’s “investment” by artificially propping up the value.
Wasn't the risk shared between those who got to live in mcmansions and those who gave them the money for that?
Why does one party get to reap all the benefits but pay none of the consequences?
Many people didn’t have this at all and we’re still very negatively impacted by the recession due to loss of employment or raised taxes (eg I personally did not benefit from the pre-recession as I was too young and my family wasn’t particularly well off nor had a mortgage and I entered the job market right in the midst of the recession and I was hit with an income levy introduced to bail the banks out — I was personally lucky as tech wasn’t particularly heavily affected but many people were not so lucky).
