Housing Market Persuasive Essay
Persuasive Essay
Communications
The housing market or the housing bubble, which burst did affect everyone nationally and local has been hit by the economy .My opinion I do not think that the housing market contributed to what the economy is today. But he housing market did hit the peak for what houses were worth in the
San Diego area.( And this was all caused by the actions of lenders are directly attributable to the policies of the Federal reserve when credit is cheap, why not loan money more recklessly to individuals who normally would not qualify?) Even with higher default rates, lenders could make huge profits simply through volume. Subprime …show more content…
This put many people in jeopardy with the mortgage. The subprime mortgage was the main reasons that led the housing market bubble to fall and cause over most homes in San
Diego to decline in value or go to all time low in the value of a home in San Diego area. And when the economy crashed there were many people losing their jobs with then lead to many foreclosures in the San Diego area since many people could not to afford to pay the mortgage lot of them just walked away from their homes since they owed more on the house than what it was worth. Many people came to the conclusion that it was cheaper to rent than to pay the mortgage which many owed two to three times what their home was worth. The foreclosure rate in the San Diego
Area is another contributing factor to the falling prices of houses. Since people were just leaving there homes this made neighborhoods houses in areas to fall even lower than what it would be if they had not foreclosed. Even thought the government came out with programs to try and keep home owners in their homes most did not qualify for the programs and some banks did
Communications
The housing market or the housing bubble, which burst did affect everyone nationally and local has been hit by the economy .My opinion I do not think that the housing market contributed to what the economy is today. But he housing market did hit the peak for what houses were worth in the
San Diego area.( And this was all caused by the actions of lenders are directly attributable to the policies of the Federal reserve when credit is cheap, why not loan money more recklessly to individuals who normally would not qualify?) Even with higher default rates, lenders could make huge profits simply through volume. Subprime …show more content…
This put many people in jeopardy with the mortgage. The subprime mortgage was the main reasons that led the housing market bubble to fall and cause over most homes in San
Diego to decline in value or go to all time low in the value of a home in San Diego area. And when the economy crashed there were many people losing their jobs with then lead to many foreclosures in the San Diego area since many people could not to afford to pay the mortgage lot of them just walked away from their homes since they owed more on the house than what it was worth. Many people came to the conclusion that it was cheaper to rent than to pay the mortgage which many owed two to three times what their home was worth. The foreclosure rate in the San Diego
Area is another contributing factor to the falling prices of houses. Since people were just leaving there homes this made neighborhoods houses in areas to fall even lower than what it would be if they had not foreclosed. Even thought the government came out with programs to try and keep home owners in their homes most did not qualify for the programs and some banks did