Sub-prime mortgage in a failing house market

from Brother Ali – Only Life I Know Lyrics on Rap Genius


There has been a rise of sub-prime mortgage delinquencies and foreclosures since 2007 in the United States. Americans are maniacal for home ownership and believe that it is a good investment, but as mortgage payments and interest rates have climbed, new owners are having difficulty making ends meet. They’re worse off than before they bought, which is referenced two lines below.

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