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In the housing market situation today it seems that new and different situations are arising. The property values of our communities have no solid ground to steady upon. Nobody out there knows exactly when our current situation will adjust in the positive sense. Our current economical situation with the loss of jobs and the credit crunch prolongs everything from turning around. I know to a lot of people and families this seems like our country is going under, but that is not true it is just a bad cycle is here once again. The cycle will eventually turn around and our economic growth will grow higher than before. I am very sad to say that most people do not learn or just plain remember. I can almost guarantee that this will happen again in a different form like it has in the past.

The financial companies are one of the biggest culprits of our economic decline. They pushed very hard to present new lending programs to the consumers. A majority of these programs allowed consumers to purchase homes when they never were able to before. They let money become so cheap that everyone was purchasing homes or refinancing. People were able to have their beautiful new homes, expensive car, and other luxuries that they could never afford. The amount of borrowed money just poured into our economy like a wild fire. The only problem was that people did not remember that you still owe all of that money. Everyone was making so much money across all the different markets. It went down the line from real estate agents to mortgage brokers. I really wonder how many pushed products on prospective clients into situations that they knew they should not have put them in. I know there are a lot of them that are great to their clients. A lot of the dishonest acts were caused my greedy individuals just jumping into the profession to make a fortune and get out not caring who they hurt in the end. Truly the blame just keeps on going down the line. It still comes back to the consumer to do his research and know what they can afford. Many of them got themselves into their own messes.

Everyone should know by now that our country is going into a recession for how long is the question. A lot of things that influence have gone from one extreme to another. Everything is going to have to stabilize out in order to get out of the mess we are in. As of our situation now the lending of monies is becoming so strict compared to before. Even well qualified people are having trouble securing loans. It will even come down to that piece of plastic in your pocket. A large number of banks are reevaluating their interest rates in their favor to recuperate their losses. Every industry is making cut backs and tightening their budgets in this economic slowdown. It comes down to the individual consumer to take hit in their wallets. The big industries never truly take the hit it always gets passed down to us one way or another.

Industries in general are just trying to readjust to turn their companies into profit once again. The oil industry on the other hand is just sucking every last penny out of the consumers. Almost everyone is affected by these ridiculous prices. Situations like this really put a strain mentally and physically on the consumer. When these industries start giving a little things will start to turn.