Tuesday, February 3, 2009

Topic Due 2/5/09 Update

Off the bat let me tell you what I'm going to discuss in my topic paper. The headline of my topic is the "Downturn in the Housing Sector Overall". My goal is to find out why the real estate business as a whole has decreased like it has. I want to know what the foundation at the base of this problem is. So far what I've discovered is that this so called "bubble" has burst. Honestly I really don't have a full understanding of what this bubble concept represents. But of this concept what I do understand, to my knowledge, is that this bubble represents the rising price tags that the realtors put on homes and properties. When people stopped buying homes and properties because of the rising prices this bubble burst. I know my explanation of the bubble concept might not seem as elementary as 1, 2, and 3 but then again I haven’t gotten full knowledge of this theory/concept. Also this bubble concept or bubble bursting didn't affect just the U.S; it has effect the continent of Europe. What I can say is that I'm finding a lot more info on Google Advanced, Yahoo, and Salon.com than I did on Google Scholar.

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