|Real Estate (Photo credit: wvhomes)|
Home prices peaked in mid 2006, then took a bit of a plunge which led to more expensive monthly interest rates. Home owners had more trouble paying off their debts, investors were not receiving the money they were expecting and the market quickly collapsed in on itself. Now that we're climbing out of the mess, it's time to look back on the whole situation and see who is to blame, if anyone.
The US Government has put quite a few strict regulations on subprime mortgage lending, making the market much less volatile, but also much less profitable. There's no doubt that in a perfect economy, no regulations should be in place to control the huge returns that would be possible, but history tells that we live in no such economy. How many restrictions should be in place? Could too many put a damper on our overall economy? Tough questions to answer and I don't want to pick a side!
A much safer market, and profitable one since the real estate market collapse, is the apartment housing market. Companies like First Troy Corp. Rentals, which offers a variety of apartment housing options including rental townhomes, rental houses, rental ranch style apartments, and rental doubles, have seen great growth in a struggling economy.