The market capitalism model is the great to society. The business makes our economy through different markets. Economy started years ago with business owners offering service to the customers. The society as a whole is advance by the market capitalism. When entrepreneurs business develops then jobs are created for the community. Years ago business owners had a chance to run their own business. Jobs are important for people to live and survive. Jobs are needed for the business to operate and there are families depend on this. Human beings having a job or a business owner give us hope. The people in the community have the opportunity to provide for their families. Families can experience to buy homes, cars and be able to afford everyday expenses.
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Homeowners, investors and banks were affected by the change. Several jobs were affected by the change as well. The financial system took a turn at this time. Homeowners had a hard time making mortgage payment on their homes. Some of the mortgages were at a higher rate than the individuals can afford. Financial institutions rob the borrowers with an outraged rate which they were not aware of. The real estate markets put homeowners at risk. Also the people brought their home at the wrong time due to the recession. Jobs were leaving during this time so homeowners borrow money on their homes. In a situation like this it is a risk involved to make this step. People were hurting for money so they borrow money from their home just to survive. The recession was hoping for a turn around with the president bailing out banks and car dealership. People homes were taken and jobs were sent overseas. The recession has repeated itself all over again from the past. The Great Depression affect people lives just like the situation in 2008. Jobs are coming back to the United States some, but some people are still looking for work. Unemployment rate has not changed much. If more jobs come available with stability then individuals can purchased homes again. Mortgage companies should inform their customers about the risk of refinancing and offer them lower interest rates (Murray, Manrai A. K & Manrai, L. A,
Homeowners, investors and banks were affected by the change. Several jobs were affected by the change as well. The financial system took a turn at this time. Homeowners had a hard time making mortgage payment on their homes. Some of the mortgages were at a higher rate than the individuals can afford. Financial institutions rob the borrowers with an outraged rate which they were not aware of. The real estate markets put homeowners at risk. Also the people brought their home at the wrong time due to the recession. Jobs were leaving during this time so homeowners borrow money on their homes. In a situation like this it is a risk involved to make this step. People were hurting for money so they borrow money from their home just to survive. The recession was hoping for a turn around with the president bailing out banks and car dealership. People homes were taken and jobs were sent overseas. The recession has repeated itself all over again from the past. The Great Depression affect people lives just like the situation in 2008. Jobs are coming back to the United States some, but some people are still looking for work. Unemployment rate has not changed much. If more jobs come available with stability then individuals can purchased homes again. Mortgage companies should inform their customers about the risk of refinancing and offer them lower interest rates (Murray, Manrai A. K & Manrai, L. A,