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Many things happened:
1) Our friends Bubba Clinton, Barney Frank and Chris Dodd forced banks to lower their lending standards.
2) Banks gave out loans to anyone with a pulse
3) Buyers ignorantly thought that housing prices ALWAYS go up
4) Buyers were not intelligent enough to understand what they were signing when it came to ARM's, zero-interest, etc.
5) Buyers thought that housing was an entitlement and income should have no relation to what you can afford.
6) HGTV had way too many show that glorified participating in an obvious housing bubble
7) Home owners used phantom equity in their home as an ATM
What else can I help you with?
What is the buying and selling of goods between different places?
The buying and selling of different goods is called commerce, or imports and exports.
What's the difference between margin and markup when calculating pricing for products or services?
Margin is the percentage of profit made on a product or service, calculated as the difference between the selling price and the cost of production divided by the selling price. Markup, on the other hand, is the percentage added to the cost of production to determine the selling price. In essence, margin is based on the selling price, while markup is based on the cost of production.
How do you calculate the difference between margin and markup in pricing strategies?
To calculate the difference between margin and markup in pricing strategies, you can use the following formulas: Margin (Selling Price - Cost) / Selling Price Markup (Selling Price - Cost) / Cost Margin represents the percentage of the selling price that is profit, while markup represents the percentage of the cost that is profit. The key difference is that margin is calculated based on the selling price, while markup is calculated based on the cost.
What's the difference between margin and markup when calculating profits?
Margin is the percentage of profit made on the selling price, while markup is the percentage of profit made on the cost price. Margin is calculated as (Selling Price - Cost Price) / Selling Price, while markup is calculated as (Selling Price - Cost Price) / Cost Price.
Is a 1949 shilling worth anything?
1949 Shillings are currently selling between £4 and £20 on e bay.
What happened to Rick Herdes?
He is selling insurance
What is the single biggest difference between product and selling concepts?
what is the difference between concept selling and product selling?
What is the difference between selling points and benefits?
what is the primary difference between selling points and benefits
What happened to the farmer who was arrested for selling rotten fruit?
he was judged by his pears
What happened when the slaves got to the West Indies?
they started selling crack
How would you distinguish selling from marketing?
Selling doesn't happen until the money changes hands. Marketing is everything that leads up to the sale.
What is the difference between personal selling and non personal selling?
in non personal selling the seller does not direct negotiating with the client
What do the difference and similarities between personal selling and direct marketing?
The difference and similarities between personal selling and direct marketing are that personal selling is done by oneself to another self, whereas direct selling is done by oneself to another company.
When was the Triumph Daytona 955i manufactured?
The Triumph Daytona 955i was manufactured between 1997 and 2006 by the Triumph Company. It stopped selling when sales declined sharply after they made a lot of changes to the bike.
What happened to Paul deasy at QVC?
Paul Deasy is now on ShopNBC selling gemstones.
What is the difference between selling close and selling open in trading?
Selling close in trading means selling a security that you already own, while selling open means selling a security that you do not own with the intention of buying it back later at a lower price.
What is the difference between the options strategy of selling to open and selling to close?
Selling to open means initiating a new options position by selling a contract, while selling to close means ending an existing options position by selling a contract that was previously bought.
