Market Bottoming – No Improvement Yet
The housing market is bottoming out in terms of prices yet no appreciation has been seen yet in the gloomy real estate market. Movement has been slow and is limited to the levels seen last February that showed minuscule improvements but were quickly downplayed by the rest of the economy’s performance. Massive economic reforms are underway to prevent a recurrence of the market collapse that heralded in the recession.
The global economic problems may have been unavoidable but the practice of bailing out companies and the people who ran them should be stopped for it seems to condone the practice without remorse.
The move by the US government to approve the bailout package was deemed as necessary, to prevent a total collapse of the economy. It seems to be ineffective mainly due to the severity of the effects, that even a trillion dollar bailout cannot fix. People are at last beginning to accept the fact that and end may take time, just hope they learn from the mistakes of the few that have been punishing the many for the past year.