Actually, what got us into the housing crisis was that people leveraged fake equity to buy more and more, literally building houses of cards. The banks were ridiculously lenient with their lending, giving money with little to no collateral to back it up. People were leveraging that fake equity to then buy more homes. When they couldn't sell for enough to pay off the original debt, then the defaults started rolling in.

Sorry, Joe, don't tell me to stop telling the truth. If I see a racist statement, then I'm going to call it a racist statement. Obviously, the poster thought better of it since it has been deleted, but wouldn't it be even better for people to stop MAKING them than people to stop calling them out???