re: #437 engineer dog

I think it is also important to keep in mind that the “financial crisis” manifested itself in 2008 after the US real estate collapse had begun.

The significant overbuilding in US real estate had outsized influence because the US economy has become so dependent upon “growth” in real estate, and the related activities in refinancing to finance other kinds of consumer purchases.

Real estate loans became too important to the financial industry, which over exaggerated the value of said “assets.