Dot-com bubble

What Are the Similarities Between Holland's Tulip Mania and the U.S Housing Bubble? By: Gigi Cunniffe 8th Grade Mrs. Curry-Miller 11-30-17…

history. Since expansion is followed by an economic recession, when the stock market crashed in 2000, there was a shift in dollars going away from the stock market into housing. This is what is known as the housing bubble. There was plenty of “cheap money” available for loans so naturally, people took advantage. When they saw the price of housing increase, they wanted in on the action. They took out these cheap loans to try and flip houses and make a living. The housing…

Classism and Greed and Zombies Economic issues afflict the modern American citizen; namely the housing crash in 2008, the disappearance of the middle class, the crippling national debt, and the divide between the one percent and the rest of the population. The struggle amongst classes, however, can be seen throughout history and is by no means a new topic. The 2016 film Pride and Prejudice and Zombies presents such strife in Georgian era setting while also peering through a modern lens. The…

As stated earlier, a housing bubble is a quick incline in housing prices over an extended period of time, but why was this housing bubble is worse than ones our economy had been through in the past. During the time period of 1995 to 1999 the United States housing market grew at a slow rate but it was a constant and consistent slow rate. This trend changed when the stock market crashed in March of 2000. The way people were investing their money after the crash changed, instead of putting their…

September 28, 2014 Cook County, Illinois filed suit against Wells Fargo, the nation’s largest mortgage lender, claiming over $300 million in damages. The suit alleged that Wells Fargo’s unethical practices unfairly targeted low-income, minority families and contributed to the housing crisis that left the city with abandoned buildings and million of dollars lost in property taxes. The banking institution was accused of knowingly distributing home loans to black and Hispanic customers, many of…

Although it is beyond the scope of this paper to fully explain such a complex issue with so many inter-related elements as the 2008 financial crisis, undoubtedly one of its main causes was the bursting of the housing bubble in 2005. The bursting of the housing bubble was primarily triggered by what is commonly referred to as the subprime mortgage crisis. The subprime mortgage crisis came about from many banking and governmental policies that encouraged home ownership, in the manner that banks…

Kyle Phelps Finance 442-001 Professor Bennett October 26, 2014 United States Housing Bubble In December of 2007, the United States entered a recession that it did not begin to climb out of until June of 2009. The cause of the recession is most commonly attributed to the financial crisis that resulted from the housing bubble, which finally burst in late 2006. There were several causes of the Great Recession such as decreasing mortgage and short-term interest rates, lower standards for mortgage…

Spring has sprung, and so has the housing market. In just one month, the seasonally annual adjusted rate of sales of new-single family homes has increased 4 percent. Additionally, sales of homes in the $200,000 to $299,999 ranges increased 5 percent. The weather is finally shifting and more people are buying homes, but they are still struggling with the same issues in determining how to finance their home purchases. For new homebuyers, it can be overwhelming trying to budget for the…

During the Foreclosure Crisis several years ago, my community was hit hard. I never thought I would see homes in my neighborhood being foreclosed. It was unbelievable. I was in middle school and high school when this was going on and heard my parents discussing this many times. I look back and think there were things that could have been done to prevent this from being a nation-wide disaster. I believe that there are things that can be done to minimize the effect of a foreclosure crisis…

As I stared at the blank white page in front of me I had no idea what to write. Frustration bubbled up inside me like steam building up in a tea kettle, and I wanted to scream. I had a research paper due in less than a week for my economics class about the Great Recession, but nothing was coming to me. All I could think of were questions. What did I have to say? What did I really learn during all the hours I spent studying the causes and effects of the Great Recession? How did this even affect…