The Simple Answer and Solution to our Housing and Economic Crisis
Are You Spending Money You Don't Have?
by
Book Cover & Preview Text
The Problem
In order to find a solution, we must first identify the problem. Most people seem to overanalyze or overcomplicate the situation and lose sight of the simple problem--and that's what is really is, a simple problem created by simple issues. Unfortunately, it was a simple problem whose impact had a domino effect on the housing and financial market and let to a major economic crisis. No one will ever agree on the economy or how things are related, but to me it seems like one simple issue is the root cause of our housing and economic crisis. I will discuss several key factors I feel fueled or led to the housing market's sharp rise and dramatic fall, but the main problem was..........
Who's to Blame?
Whenever something goes wrong, we ask ourselves, "Who's at fault? Whom should we blame?" I certainly asked these questions and many others after losing $110,000 on the sale of my third house. How could the market change so drastically in such a short period of time? We could debate the answer to this question all day long and never agree. We could ask one hundred market experts, economists, professors, or politicians and get a different answer every time. In my opinion, the fault ultimately lies in the hands of..........
The Solution
In order to fix our economy, we must first determine who controls it. Is it the government? is it businesses? No. It's people! Everyday people control the economy, people who buy goods and services offered by businesses around the world. These simple actions ignite the cylinders of our economy. When it comes to the housing market, buyers make the decisions to buy or not to buy. It's that simple. When buyers buy under normal circumstances, it will most likely lead to a healthy and balanced economy. When buyers buy under abnormal circumstances, such as the past few years, it creates an unhealthy environment. To fix this, we must go back and make fundamental changes to the root of the problem..........
Formats
Book Details
About the Book
Are you tired of listening to the overcomplicated explanations on why the housing market collapsed? Are you wondering why our economy is struggling and what you can do to help? Are you questioning the government bailouts and wondering if they will work? Are you spending money you don't have? Are we, as a society, spending money that doesn't exist? If you answered yes to any of these questions, this book is for you!
The Simple Answer and Solution to our Housing and Economic Crisis is based on my personal experiences with the housing market's sharp rise and dramatic fall. I decided to write this book to discuss my views on our current economic crisis in simple, everyday terms. Several years ago, I made a few risky decisions that could have led to financial disaster. Thankfully, my decisions only taught me a hard earned lesson, but I know how easy it was, and still is to become one of the victims of the recent housing market collapse. From my personal experiences, I learned some valuable lessons. I don't have all the answers or information, but hope to share my ideas on the cause and possible solutions to our current economic crisis.
About the Author
Lately I have been fascinated with the recent news related to the housing market and overall economy. We have seen mortgages in foreclosure, families in bankruptcy, banks and other financial institutions fail, builders and other contractors fail, and panic spread throughout our economy. I desperately want to scream out, “Didn’t anyone see this coming?” Or I think the more appropriate question would be “Why did we choose to ignore it?” We let greed cloud our judgment: let’s make a dollar today and worry about the effects of our superfast growth rate tomorrow. It was apparent to me a few years ago that the housing bubble would burst and come crashing down. I think everyone else knew it too but decided to stay the course anyway. I knew that the explosive growth couldn’t be normal, but like everyone else I ignored my gut instinct and tried to make some money. I made a few risky decisions that could have been disastrous. Thankfully, my decisions only taught me a lesson, but I know how easy it was and still is to become one of the victims of the recent housing market collapse. I am not an economist, banker, politician, or expert in any manner; I’m just an average working American concerned with our economy and how it will look in the future. I am also concerned with the people we elect to run our government, but I will save most of those thoughts for another book. I was tired of listening to the so-called experts and politicians talk about the problems with the housing market and our economy, so I decided to talk about the issues from my perspective. I thought, how could my point of view be wrong? None of the so-called experts agree with each other.