Interesting fact:

In 2008, the global economy is facing its most critical monetary crisis since the 1930s Great Depression. The meltdown had already began in 2007 with a downturn in U.S. and European real estate markets. Housing prices are plummeting from San Francisco to Belfast as homeowners fall behind on their mortgage payments and owe lenders more than their homes are valued. By October that year, nearly 85,000 people in the U.S. have lost their homes to foreclosure, in essence adding inventory to an already overflowing market.