Course Blog for Soc 3151: Social Issues and Social Policy at Baruch College
I thought most of us would like to learn the history of mortgages and I reasearch little bit and learn all this about the mortgages. History of home mortgages go far back . Even thought this system is pretty old , the basics have never changed – the real estate had hight value for decades [...]
The ‘bubble’ description of the price hikes is plausible because more and more aspects of capitalism in this neoliberal period are becoming ‘financialised’. Thus, in the major mercantile exchanges for grains, investment funds and hedge funds have joined agribusiness and food processing firms as the major buyers and sellers. They are involved in these markets [...]
As we discussed in class about crisis in U.S economy one of the scary and hard part of the reality we need to face is how most of the Americans got themselves in to housing bubble .The buyers believed their dream of owning a home could come true and entrepreneur got themselves in to this [...]
I remember when I was talking to couple of my friends back in 2005 about housing market while it was booming. Everyone of us thought buying property and how well market is doing and how we may not be able to buy anything in next 5 years if prices will keep this way. However we [...]
Naked Capitalism Naked Capitalism