Recession

@picjim (3003)
India
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?
1 person likes this
2 responses
@buzzmaker (631)
• India
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.
@picjim (3003)
• India
20 Aug 09
I thank you for your well thought out view you seem to have a good understanding of business cycles.
1 person likes this
• India
21 Aug 09
Thanks for 'the best response'!
@savypat (20246)
• United States
20 Aug 09
During times like this people who are wise and can afford it are investing in Real Estate. This is generally not a short term investment but over the years has proven it's self to be good.
@picjim (3003)
• India
21 Aug 09
It is a good source of long term appreciation as you have put it rightly.