A drive through ‘foreclosure row’

Posted by & filed under Part 1 Business in a Global Environment, Part 6 Managing Financial Resources.

A drive through ‘foreclosure row’
Description: A local realtor gives a tour of the Southern California planned community whose streets are marked by foreclosures and short sales.
Source:  CNNMoney.com ñ video report
Date: 12/07/2010
Cat ñTags:  1, 6: Economic Challenges Facing Contemporary Business (p66), The Financial System (p558), Financing Management (p590)
Link: http://money.cnn.com/video/pf/2010/12/06/pf_ladera_ranch_devon_hocker.cnnmoney/
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Questions for discussion:  Explain the reasons given for the collapse of real estate prices in this report? How do you think this crash in prices is going to affect companies that build homes and future buyers? Do you think consumer psychology toward home ownership has been permanently affected by this event? How would you expect buyers to look at home ownership in the future

Description: A local realtor gives a tour of the Southern California planned community whose streets are marked by foreclosures and short sales.

Source:  CNNMoney.com ñ video report

Date: 12/07/2010

Link: http://money.cnn.com/video/pf/2010/12/06/pf_ladera_ranch_devon_hocker.cnnmoney/

Questions for discussion:

  • Explain the reasons given for the collapse of real estate prices?
  • How do you think this crash in prices is going to affect companies that build homes and future buyers?
  • Do you think consumer psychology toward home ownership has been permanently affected by this event?
  • How would you expect buyers to look at home ownership in the future?

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