Dot-com bubble

In 2008 the housing bubble in the united states crashed, it created the biggest decline in the housing market since The Great Depression. To this day, people can still feel the effects from the crash. The crash can be attributed to the greed and stupidity of bankers, and some of the highest levels of leadership in this country. Negative impacts were seen around the world, but the biggest ones felt in the US were: Massive spikes in unemployment, increases in foreclosures and Unemployment The…

grew rapidly in 1972 until 1989. It was known as the Japanese asset price bubble or Bubble Economy, which was represented high economic dominance of Japan. During the Bubble Economy, Japan was considered as rising force in the world of economy. Japan’s economic power was growing high to the point the whole world was paying attention to economy movement of Japan. However, it all went downhill in 1989, when the economic bubble disappeared. Then Japan entered whole era in 1989 and it is also known…

meltdown melted a lot of people’s worlds including my own. From 2007 to 2009, the housing bubble burst causing many homes to drop in value totaling about $6 trillion. This crash led to a recession that resulted in an unprecedented unemployment rate. The United States is still in the process of rebuilding, and my family…

Introduction: Throughout Rachel in the World by Jane Bernstein, the reader watches as Jane and Rachel attempt to cope with the challenges of Rachel’s development into adulthood. Finding a home for Rachel for when she finishes school is a challenge that weighs heavily on Jane’s mind throughout the memoir. Jane desperately wants to find the perfect housing situation for Rachel because she feels like she can no longer take care of Rachel and give her everything that she needs. Rachel also is not…

impression that everyone, no matter who you are can reach this aspiration. Yale University economist Robert Shiller and University of North Florida Professor of real estate William F. Sheffield and Sid Rosenberg warn about of a ruthless outcome to the bubble are on the rise. Shiller stated “housing prices was spurred in part by people who got rich in the dot.com boom”. (Times, 2005) Then suddenly, news aired about mortgage foreclosures, describing the single biggest financial…

The housing market, devastating of the twentieth century, which is called a housing bubble is a metaphor. The housing market is much more than a “bubble.” Many economists and financial analysis blame Congress for pushing lenders to approve loans for people who could not buy homes in the current market, which start occurring in the early 2000s. The collapse of the housing market was not in the hands of a single entity, but by greed. The Government, such as Freddie Mac, Fannie Mae, banks,…

The 2008 Financial Crisis in America was reported to be the worst economic disaster since the Great Depression in 1930’s. Signs of economic failure occurred in 2006, where the housing prices started to fall (Amadeo). The first institution to fail was the Countrywide Financial crop in January 2008. The next victim of this financial crisis was the Wall Street Investment House Bear Sterns during March. However, it was later rescued by JPMorgan Chace, which they dealt to buy it for a bargain price…

Average Cost of New Homes In United States of America Finally after many days of research I narrowed it down to one topic, the Average Cost of new homes in America. Through out this project you will find out if the research supports or rejects its findings by using the quantitative methods taught to me over the course of this semester. What are some methods behind the cost of new homes in united states rising? First thing that comes to mind is politics. Political impacts that move costs, Is it…

In the book “Freakonomics” the authors Levitt and Dubner discuss Real-Estate and how agents benefit more than the client. The real-estate topic provides more convincing evidence that people are only inspired to do things based on incentives. The authors work to prove that realtors are self-motivated people, and are not actually helping people. Real-estate agents are professionals with more information than the client. They know how to manipulate a person to make a decision that will benefit the…

In his essay “The Mansion: A Subprime Parable,” Michael Lewis reported that most Americans tend to desire houses they cannot afford. They start blaming rating agencies and mortgage brokers because they find themselves financially underwater. But according to Lewis claim, the lending business didn’t create this desire. The people did. He explains that most people want a house that reflects how well they are. They think that they will control the house but the truth that the house controls every…