2008 was because of incredibly dangerous mortgages being handed out due to a mix of deregulation and the government still guaranteeing corporate profits (bailouts or otherwise) so the mortgage lenders involved didn't need to actually accept the risks. It was at the point where a bank would write you a mortgage on practically anything for any amount because they were effectively free money with no risk to the lender.
That environment did artificially inflate the growth of urban sprawl McMansions above any working class persons paygrade, but it was nowhere close to direct intentional housing subsidy beyond trying to achieve some pipe dream of families on 30k combined income affording a 5k square foot house.
That environment did artificially inflate the growth of urban sprawl McMansions above any working class persons paygrade, but it was nowhere close to direct intentional housing subsidy beyond trying to achieve some pipe dream of families on 30k combined income affording a 5k square foot house.