August 20, 2009 5:02am CST
This recession was i believe triggered by excessive speculation in real estate due to the availability of low interest funds being made available to sub prime borrowers i.e those whose credit worthiness was low.I request subscribers of mylot to kindly inform me as to the time span within which the real estate sector's fortunes will improve?
20 Aug 09
There are a lot of reasons that caused the recession. real estate was just a trigger you could say. We need to understand that the businesses move in waves. Whatever goes up comes down and goes up again! I think we are through with the worst period and things should be settling soon. Be patient and cautious, it will pay.