My Thoughts

Housing market calculations. In 2008, there was a housing market collapse in US due to sub prime lending. This collapse resulted into a global recession and credit crunch.Many developed countries started to bail out lots of banks,insurance companies,wall street companies by providing capital. I was in US during this collapse and witnessed the direct impact on people. After 2008, things started to improve and markets started to gain confidence. By 2012, things are looking stable and i see lots of people buying houses. And people in media are also saying housing markets are improving. i noticed in my personal group of friends, at least 15 of them, bought houses in a very short period of time. It was a like collective buying, collective house warming and celebration. I was also tempted to buy a house of my own. But i did not dare to do it, as i know my limitations and constraints. But this made me to think, in a total different direction. How will you calculate a value of house before b