In 2009, the housing market and my world got turned upside-down. We lost our house. My father lost his construction company. My family lost our world. But when we lost the life we knew, we found a better one we never knew could exist. The real estate and mortgage meltdown melted a lot of people’s worlds including my own. From 2007 to 2009, the housing bubble burst causing many homes to drop in value totaling about $6 trillion. This crash led to a recession that resulted in an unprecedented unemployment rate. The United States is still in the process of rebuilding, and my family …show more content…
Its nemesis, positivity, is always close behind. Within the darkness of the housing bubble burst, there were silver linings. If it were not for the housing crash, President Obama would not have been elected and would not have made history as the first black president of the United States. One of his platform points in the 2008 election was to jumpstart the economy by implementing a housing bill that would help those who had suffered from the housing crisis. Many Americans sided with his views and longed for fixes to their housing woes. This platform point garnered many votes for Obama and helped him win the election. When the housing market went down, equality in America went up and fostered the election of a minority president, which the country had never seen