What are Housing Loans and how did they effect the economy?
Housing loans are sums of money the bank gives for collateral and a written agreement. After the loan every month you have to pay the bank some money. This can last for a decade or two. Banks will give out millions of dollars a year, and sometimes increase their investment by .50%. This might not sound like a lot but with millions of dollars it adds up. This year across the entire US the amount of loaned money adds up to the trillions and is an essential part to the banking industry.
Without housing loans many people could not buy a house.