The Financial Crisis A New Market For Rent - 900 Words

The 2008 financial crisis which displaced many home-owners created a new market for rent to own real estate properties. The recession caused home ownership to become unaffordable for average middle- and working-class citizens. This resulted in a clamor for affordable housing for millions of Americans who had lost their savings, their investments (homes), and their reputations (credit.) Rent to own (RTO) is a good option if you need to buy yourself some time. There are many advantages to RTO as opposed to renting without the option to buy. When you rent to own you get to move in immediately and you won’t have to move again when you’re ready to buy because you already live in the house you are purchasing. This relieves a lot of hassle and expense. Renting a house with the intention to eventually purchase will set you on a path of accountability. When rent to own is not an option people have a tendency to lollygag, renting for several years without making any progress towards their goal of home ownership. A house may be the biggest purchase of your life, so the pressure causes people to procrastinate. When home ownership is the goal, your steps should be to improve your credit and save money to buy the house. Being on a RTO program keeps you on a schedule in an organized, systematic way. This accountability can be crucial to someone whose dreams of home -ownership have been dashed by the economy. A portion of the rent you pay monthly works towards the down payment of theShow MoreRelatedCommercial Properties Of Commercial Property Development1349 Words   |  6 PagesCommercial property is one that is â€Å"intended to produce a financial return for its owner by being used or occupied by businesses† (British Property Federation, 2014) with the financial return being rent received from a tenant or a change in the capital value of the property. Commercial property includes offices, retail premises, restaurants, hotels and more. As with any other type of property commercial property is vulnerable to various factors that can make it a more or less attractive investmentRead MoreThe Housing Crisis Of Boomerang Buyers954 Words   |  4 Pages Following the 2006-2008 housing market crash, 4.8 million of homeowners lost their most valuable assessment to foreclosure, and another 2.8 milliongave up their homes in short sales. These f ormer homeowners that are reentering the housing market after losing their homes during the housing market financial crisis are now part of a wave of â€Å"boomerang buyers.† According to Real Estate experts, boomerang buyers who are returning to the market were at least 10 percent of all United States home purchasesRead MoreRent For Own Home Ownership1032 Words   |  5 PagesRent-To-Own Home Ownership The desire to own a home in America is very common. As a matter of fact, there is no American Dream without home ownership. Years ago, an economic crisis swept the nation leaving many homeless, jobless, and flat out broke. Many Americans as well as businesses were victims to this crisis. Fortunately, the market has started to recover and regain structure and many have been able to get back to into the home buying market. Millions of jobs are being created and small businessesRead MoreGreat Recession And The Great Depression906 Words   |  4 Pagesups in asset prices followed by a crash in the stock market and sent both debt and equity markets down. These periods are said to be the worse economic downturn in the country’s history. During the great depression, as banks failed and threatened to shut down the financial system altogether, President Franklin Roosevelt moved quickly and effectively to address the most dangerous financial crisis of the Great depression. The massive stock market collapse that began in October 1929 erased massive amountsRead MoreLoan Agencies And The Federal Housing Authority976 Words   |  4 PagesIn the year 2000, the stock market crashed whichshifted thepeople’s money away from the stock market and into the housing market. Many people were buying homes, which led to banks offering more loans, including subprimed loans. Most loans, specifically, subprimed loans began going into default  once the credit markets froze in the summer 2007. Things began to deteriorate rapidly. The offering of subprimed loans stopped completely and interest rates for other types of borrowing such as corporateRead MoreA Report On The Housing Market1659 Words   |  7 PagesThis report reviews a number of factors with the housing market, starting with the rent/price ratio, and covering relevant economic events and factors specific to renting and home ownership. Rent/Price Ratio Data The rent/price ratio data over a fourteen-year span from first quarter 2000 through first quarter 2014 tracks the trends of the housing market leading into the housing crisis that started in 2007 and its rocky path to correction. The start of this period shows a ratio of 4.7 percentRead MoreThe Foreclosure Crisis Of The United States813 Words   |  4 PagesThe foreclosure crisis that took over the United States a few years ago left many people facing economic hardships. This crisis happened because there was a huge housing bubble that was unsupported by actual home values. The bubble began bursting in spring of 2008 and the crisis culminated in mid-2009. Many lenders went out of business and many home owners began losing their homes. When the government became aware of this problem and began to implement new programs, it was already too late for manyRead MoreThe Financial Crisis Of Theu.s Economy1371 Words   |  6 PagesWithin the financial crisis of 2007, the U.S economy took a turn for the worst. The unemployment rate shot up to 10%(cbpp.org), and as a result there was less money within the economy for: goods, services, and this essay’s key topic; housing. As a result of this economic situation, there was a significant increase in the amount of houses being foreclosed upon. This was mostly caused by the owners of said houses taking out risky high interest loans, because of bad credit, while also being within financiallyRead MoreThe Subprime Mortgage Crisis in the U.S Essay1586 Words   |  7 PagesThe argument over who should be at fault for the subprime mortgage crisis and housing market collapse in the United States has been a heated debate. Even though home foreclosure keeps rising, there should be some accountability for the economic meltdown resulting from the subprime mortgage situation. Should we blame banking institutions, mortgage lenders, brokers, and investors for this crisis? Should minorities be blamed for recklessly accepting loans and defaulting on them after realizing theyRead MoreFinancial Crisis Of The Great Depression887 Words   |  4 Pagesasset prices followed by a crash in the stock market and sent both debt and equity markets down. These periods are said to be the worse economic downturn in the country’s history. During the great depression, as banks failed and threatened to shut down the financial system altogether, President Franklin Roosevelt moved quickly and effectively to address the most dangerous financial crisis of the Great depression. During the great depression, the stock market collapse that began in October 1929 took away

Lincoln High School Free Essays

For most students at Lincoln High School, today is no different than any other regular school day. For me however, it’s the day I’ve been looking forward to for over a month. Today is the day when our hard work during numerous evening rehearsals pays off. We will write a custom essay sample on Lincoln High School or any similar topic only for you Order Now Today is the day when the hundreds of hours put into making costumes, building the set, and intricate make up designs are displayed. Today is the day we open the show. One by one the students filter into the theater room. For the first evening performance, call is at 5:00, but by the time I’ve arrived at 4:30 room 220 is already filled with students busily preparing for the show. Costumes begin to disappear from the costume closet and a thin layer of powder and cream makeup appears on the counter. I manage to squeeze my way through the mob of people standing around, chatting, applying makeup, or curling hair and find myself a wonderful seat in front of the mirror. As I sit down I’m overcome with a thick, chocking cloud of hairspray. Over the next hour students slowly transform into their characters, no longer the same people who walked through the door earlier this evening. The director enters and shouts â€Å"Twenty minutes until show!† Myself, and everyone one else in the theater room echoes in response, â€Å"Thank you twenty!† You can almost feel the level of excitement rising. The chattering gets a little louder. Soon after the announcement, the cast gather around the tables and began to stretch. The chattering dies down, and I begin to reflect over what we’ve accomplished over the last month and a half. Five minutes until the show starts. Everyone circles up and join hands so the seniors can continue on the tradition of â€Å"The Energy Circle†. â€Å"Are you ready?† Everyone replies in their stage whisper, â€Å"Yeahhhhh!† â€Å"Then let’s get ready to rumble!† The wave is started around the circle. It goes around once, twice, and than dies out. It’s time to report to our places. As everybody waits, cramped in the wings of the stage, my mind begins to race with questions. What if I forget my line? What if I miss a cue? My thoughts are intercepted with the dimming of the lights. Black out. Everyone quickly, but quietly gets into their opening position and freezes. The lights come up, and the show begins. Time starts to fly by. We are performing the show better than at any rehearsal. Before I know it I’m taking a bow. The crowd is cheering wildly. The lights go out and the cast exits off stage. Only moments later, the senior dip begins to fill with parents, grandparents, siblings, and friends. I am overjoyed to see some of my friends, and immediately I am bombarded with hugs and positive reviews. Soon, people begin to pull away from their family and friends because there are duties and chores that need to be taken care of before anyone can leave. Costumes are gathered, neatly hung up and the makeup grime is wiped off of the counter. The floor is moped, the tables are cleaned, and the chairs are pushed in, ready for students in class tomorrow. The room is spotless, and we are allowed to go home and rest to prepare for another show tomorrow night. How to cite Lincoln High School, Essay examples

The Dramaric Techniques in Act 1 of The Crucible Essay Example For Students

The Dramaric Techniques in Act 1 of The Crucible Essay In act one of The Crucible Arthur Miller uses many dramatic techniques in order to emphasize the events that he is describing and to suggest there relevance to us today. One technique that he often uses is that he stops the main dialogue and has an intermission which is almost always entirely factual. These intermissions often describe different characters or events that are happening in the play. They serve a number of purposes, first of all to set the scene and to give you an idea of what these people are like and their background. For example on page 22 there is an intermission describing John Putnam describing why he has such a vindictive nature and why he is the one to lay down most of the accusations. Also at the beginning before the dialogue has started there is a long passage which describes the village of Salem and Reverend Parris. Its in this passage where you learn why people want to take Parris away from his pew and thus why he is so wary of pronouncing that there has been witchcraft in his house later on in the play. As this play is on the surface about a witch hunt the breaks in the dialogue are emphasizing peoples superstitions and show how cautious and suspecting the people of Salem are. It helps explain why these people are so afraid of being called a witch as if they are accused then thats it and they cant dig their way out of the hole as people will take denial as an accusation on whoever accused the person in the first place. The second reason why I think he puts in these passages of pure fact is because of the idea that this play is meant to be compared to the spy hunts in America during the cold war. The purpose of the intermissions in this case is to add credibility to this comparison and to the story of the witch hunt by adding small details about he characters and also by adding dates and events which occurred. For example the opening passage is one full of sates and events which are historical i. e. they occurred which as well as setting the scene makes the story more credible. If there werent these intermissions then people would come out of the play thinking that it was simply a good play written by a man with a wild imagination. They wouldnt actually believe that the events described were true which of course they are and so wouldnt understand the story as being very relevant to todays age which it is as even today people make mistakes in trusting others and so are naturally very mistrustful of other people and nations. What these intermissions do is add credibility to the story as with fact the reader is more likely to understand that these events actually took place. You could also look at it I he way that if Miller increases credibility with some factual intermissions then the audience are more likely to believe any fiction that he puts on top of the basic fact. This makes him freer as an author to make up some details which will enhance the story and make it more readable. So its almost a development of trust between the author and the reader. The author puts in some fact which makes him more able to put in some fiction. A third reason why these intermissions serve an importance is that they suggest to you in a way which characters are going to be important throughout the course of the play. .ucda30f56e84ecd541d97294d5cc942fb , .ucda30f56e84ecd541d97294d5cc942fb .postImageUrl , .ucda30f56e84ecd541d97294d5cc942fb .centered-text-area { min-height: 80px; position: relative; } .ucda30f56e84ecd541d97294d5cc942fb , .ucda30f56e84ecd541d97294d5cc942fb:hover , .ucda30f56e84ecd541d97294d5cc942fb:visited , .ucda30f56e84ecd541d97294d5cc942fb:active { border:0!important; } .ucda30f56e84ecd541d97294d5cc942fb .clearfix:after { content: ""; display: table; clear: both; } .ucda30f56e84ecd541d97294d5cc942fb { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ucda30f56e84ecd541d97294d5cc942fb:active , .ucda30f56e84ecd541d97294d5cc942fb:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ucda30f56e84ecd541d97294d5cc942fb .centered-text-area { width: 100%; position: relative ; } .ucda30f56e84ecd541d97294d5cc942fb .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ucda30f56e84ecd541d97294d5cc942fb .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ucda30f56e84ecd541d97294d5cc942fb .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ucda30f56e84ecd541d97294d5cc942fb:hover .ctaButton { background-color: #34495E!important; } .ucda30f56e84ecd541d97294d5cc942fb .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ucda30f56e84ecd541d97294d5cc942fb .ucda30f56e84ecd541d97294d5cc942fb-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ucda30f56e84ecd541d97294d5cc942fb:after { content: ""; display: block; clear: both; } READ: The Crucible Essay ThesisThe characters who have had intermissions have turned out to be playing quite central parts in the play, such as John Proctor on page 27 and Parris right at the beginning. So Miller has also used these intermissions to set out who his main characters will be to the viewer. This is probably because if the viewer knows who is going to become very involved in the play then he or she will know to look at a characters actions and to pay more attention to why the character will urn out to be so important. Characterization is another dramatic technique that Miller employs in the first act. He uses the actions on the characters and their personalities to stress not only how enclosed and mistrustful the people in this society were but also how they were actually very human. For example with John Proctor we see someone who has made mistakes and has done stupid things like to cheat on his wife with Abigail. However isnt it normal and human to make mistakes? So although we look at his character and think how badly he has acted and how deceitful he has been we must also realize that we also make bad mistakes even though they might not be quite as bad as the one John Proctor made.