Real Estate Disaster
February 6th, 2008 . by excelsisAfter the disaster of sub prime mortgage case in USA, the real estate sector of the country has not been recovered yet. The result of economic major scale show that there is still a doubt looking the future of the USA economic condition.
Many economist tell about the possibility of USA recession crisis. It can be triggered by the problem of sub prime mortgage case in the last year.
The sub prime mortgage causes many large financial companies including Citigroup goes to the danger position. The Citigroup will be bankrupt unless they have a lot of capital money injection. Fortunately, the group got new investor in the right time.
Because of the sub prime mortgage problem, the real estate sector in USA is not crowded anymore. More supply than a demand, the price of house in USA will be falling down in significant percentage.
The fact is many small city in the USA without citizens or lose a lot of citizen, this is because many of them can not pay the house that they bought from the home loan. A lot of house is offered.
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