CLEAN: Sin CityÕs silver lining to US foreclosure bust

CLEAN: Sin CityÕs silver lining to US foreclosure bust

Assessment

Interactive Video

Other

10th Grade - University

Hard

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The video discusses the concept of being 'upside down' on a mortgage, where a homeowner owes more on their mortgage than the house's current market value. It uses a specific example of a house that was once valued at $140,000, peaked at $250,000, and is now listed for $49,000. The video suggests that the market may be starting to recover, indicating that the housing market might have reached its lowest point and is beginning to improve.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the phrase 'we've reached bottom' imply about the market conditions?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What signs indicate that the real estate market may be recovering?

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