9/11 caused a housing boom | Though Osama bin Laden claimed that the 9/11 attacks “hit hard the economy at its heart and core,” he was wrong. After an initial depression, the economy bounced back quickly, thanks, in large part, to a real estate boom. To fight a looming recession, the Federal Reserve drastically dropped interest rates, which inspired millions of Americans to buy new homes or scoop up rental properties. (Volodymyr Kyrylyuk)
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