Description: A local realtor gives a tour of the Southern California planned community whose streets are marked by foreclosures and short sales.
Source: Ã‚Â CNNMoney.com ÃƒÂ± video report
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?