The Foreclosure Crisis

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The United States has dealt with many challenging problems in the past, but now our country is faced with an even bigger dilemma: the Foreclosure Crisis. Beginning around 2007, a rise in foreclosures around the country threw people out of their homes, and the number of foreclosures continues to rise at an alarming rate. This crisis has to be solved as soon as possible, but how? The Foreclosure Crisis will end when our economy improves, when we are less dependent on oil, when we look to our own resources, and when more job opportunities arrive. The vicious circle of the economy in the United States has been revolving for a long time. With the economy in a bad place and importing oil from foreign countries, oil prices will rise. Since Americans rely on oil too much they have to pay for the oil, and when oil prices rise Americans pay more for what they used to get for a dollar a gallon. Not only do Americans pay more for oil, but companies do as well, causing increased prices for everything. The cost of driving your car to work and mowing the lawn will skyrocket. The cost of transporting goods such as groceries will rise, just as importing goods from other countries rise. Because everything is more expensive, Americans have less money to pay for bills such as house payments. Companies suffer from a decline in consumer buying and productivity rates fall, causing many companies to lay off loyal employees. Many people lose their jobs and sooner or later people go into debt without any way to get out of it. Then people take out loans that they can’t pay for. Before they know it collection agencies are knocking at their door with a notice that their house will be sold at an auction while they are left in the streets, result... ... middle of paper ... ...erican would be employed and off the streets in the United States. When the economy finally recovers, our country could also help developing countries to do the same. The world would see our example and want to help as well. Every country in the world could be developed in hardly no time at all. All of this could happen, beginning with drilling in Alaska and becoming less dependent on oil. When the United States economy improves, when Americans become less dependent on oil, when drilling in Alaska commences, and when more job opportunities arise, the Foreclosure Crisis will end. Everywhere in the nation foreclosure rates will drop and the United States will be more unified than ever. If one problem could be solved, the rest will solve themselves. The Foreclosure Crisis can be solved, the economy can be regenerated, the United States will be a better place.

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