watch this video and reply with your thoughts, fears and possible solutions.
http://www.youtube.com/watch?v=dR7h8NBQU3E
-Douglas Ferrie
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3 comments:
The part at the beginning of this video about houses really afftected me the most, due to the fact that my family and I are trying to sell our house right now. The housing market is horrible at this point in time as we all know. The value of our house has dropped dramatically in the past two years. Also if and when it sells it is almost impossible to gain any profit. And this Bernackie guy says everything is fine, pretty sure its not.
Yes, it is horrible for the housing market right now. People could sell their houses with better prices if it was 3 years ago. We should just think of the economic of the whole country, what would we expect!!! It is also a good time to buy houses now, but could people affort to keep them, or keep their jobs to pay for the houses, and they will able to sell the houses back??
Yep the video was no longer there when I clicked on it. But based off of the other two comments I see I can somewhat gather what the video was about. I would have to agree that market for selling houses is horrible right now and hopefully this bailout will turn that around...eventually. It'll be awhile till we see any major changes though.
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