1. Outline the scope and key drivers of the current housing affordability crisis in rural England, and assess the effectiveness of planning, now and in the future, in addressing this crisis; While much of recent discussions of housing affordability in England have been dominated by the rapidly increasing house prices in London, there is an arguably more acute housing affordability crisis in rural England. ‘Rural England’, characterized by Gallent as areas with fewer than 1000 inhabitants per 20
Foreclosure, the process of claiming the defaulted property to cover the cost of an unpaid debt, has hit America like a tidal wave. Considered to be a crisis and a major factor in the poor economic situation of today, there is no doubt that the current state of the housing market and the influx in foreclosures across the nation has had a dire impact on the American economy since the beginning of 2007. Strategies, policies, action plans, and all other means of organizing a recovery have been attempted
foreclosure crisis has been devastating. Families no longer able to afford mortgage payments are forced into bankruptcy, while banks find themselves with properties valued at less than the loan principal. Solutions proposed thus far have primarily focused on loan re-modification measures that only slightly relieve the financial burden for homeowners and frustrate lenders who are forced into less attractive loan terms. However, one solution not being discussed in congress may resolve the housing market
The foreclosure crisis that we are currently facing is a very complex issue that affects everyone either directly or indirectly. The sub-prime meltdown that peaked in the Fall of 2008, has had a ripple effect of ramifications felt to the far corners of the planet. The world has become such a global market that no one can claim immunity to the devastation of the foreclosure crisis. The procedures for dealing with the foreclosures vary from state to state although Congress has enacted laws that
effectively resolve this crisis in a positive, equal, and just way. Furthermore, it is forcing Americans to compete against immigrants. This current crisis is weakening our social structure which is completely deteriorating the souls of America’s determined, over achieving, loving, and prideful citizens. The sooner the government realizes that this crisis will get worse before it gets better (www.foreclosure.com/education/scholarship/index.html#form), the sooner the foreclosure crisis will end.
The foreclosure crisis is a complex problem, with no simple solution. Several factors need to be addressed in order to turn the foreclosure crisis around. The solution to solving and preventing further crises is a multistep approach that will take time. By setting up some safe guards we can help stabilize the economy and prevent future economic and housing market downfall re-occurrences. First, there needs to be more emphasis on creating jobs and bringing jobs back to the US from abroad. There need
The Foreclosure Crisis: An Opportunity We Cannot Afford to Miss Out On New Answers Needed to Resolve Old Problems Failure of an entire economic system is what created the foreclosure crisis; therefore, the resolution to the foreclosure crisis requires simultaneous actions throughout the economic system. Some of the Problems that Initiated the Foreclosures Crisis: 1. Bad loans (subprime loans, 2. Loss of employment 3. Loss of revolving credit needed to keep businesses running 4.
Afghanistan and Iraq, our floundering economy, and our troubling health care system, none may be considered quite so frightening as the state of the sub-prime mortgage crisis. While matters in the Middle East and Washington often seem irrelevant and far away, the beast that has evolved out of low interest rates and plummeting housing costs is currently breathing down the necks of Americans in every state, city, and neighborhood. According to Realty Trac, the leading online database on foreclosure statistics
wealth of its residents. Failure in catering to the needs of both the wealthy and the poor will result in loss of taxes to urban sprawl and higher poverty rate. Giuliani was able to see the city’s need for tough reforms and did so in the most effective way that did not discourage growth. Giuliani’s work in urban reform was through a minimalistic approach, he believed in delivering the basic services to the people and not over complicating the government’s involvement in private sectors. The combination
Foreclosures are happening at an alarming rate, weakening the real estate sector of America. The general consensus is that the foreclosure crisis is linked to banks’ liberal lending practices. The government has already addressed this issue with the bank bailout and the tightening of lending practices. Despite all of these changes, foreclosures are continuing to happen. The reason for this is the rampant unemployment across America. Because of globalization and free trade, American companies have