World News Insights
1-3 Minute Gist

All Topics Group

Texas and the U.S. housing bubble- how a law in Texas prevented the kind of housing bubble affecting the rest of the U.S.

08/21/2011

This law was passed after an earlier housing bubble which hurt homeowners badly. The law says homeowners can take loans on only 80% of the value of the home, and it bans home equity loans. Similar laws protecting homeowners could have reduced the size and impact of the housing bubble in the U.S. The failure to protect homeowners and its serious consequences for the economy is one of the major lessons of the housing bubble. Without the proper laws in place many things can and do go wrong.

Grouped Articles

The economic performance of cities: Following the sun

Economist 05.16.2013

Perry criticizes government while Texas job growth benefits from it - The Washington Post

Washington Post 08.21.2011

Texas Lending Law Shielded Many Homeowners From Housing Bust

New York Times 05.25.2012


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us