Current value dropping below original purchase

Assignment Help Basic Computer Science
Reference no: EM132323946

One common, though tragic, phenomenon that occurred during the Great Recession of the late 2000s was homes that were "underwater," where people took out mortgage loans to buy a house at a particular price before the recession, but later the home's value dropped below the amount still owed. People might argue that a home's value should never go "under water," that the value of a home should never dip below its original purchase price as long as the home has not deteriorated sufficiently. Why, however, is it illogical to dismiss the possibility of a home's current value dropping below its original purchase price?

Reference no: EM132323946

Questions Cloud

Identification of the professional accounting issues : BUS301 - Integrated Capstone Project Assignment, Elite Education Institute, Australia. Identification of the professional accounting issues
What market structure best describes this industry : The firms have large staffs devoted to researching what their competitors are planning to do. What market structure best describes this industry?
What are some similarities between the monetary base : What are some similarities between the Monetary base and the Monetary supply?
Compute the gain or loss for blue company : Blue Company had bonds outstanding with a maturity value of $309,000. On April 30, 2017, when these bonds had an unamortized discount of $11,000.
Current value dropping below original purchase : Why, however, is it illogical to dismiss the possibility of a home's current value dropping below its original purchase price?
Suppose the marginal benefit of writing a contract : SuppSuppose the marginal benefit of writing a contract is $50, independent of its length. Find the optimal contract length when the marginal cost of writing
Record the journal entry of the issuance of the bonds : Sheffield Company issued $432,000 of 10%, 20-year bonds on January 1, 2017, at 103. Interest is payable semiannually on July 1 and January 1.
What common factors can you identify in exploitation cases : BULAW5911 - Managing the Legal Environment - Federation University - Why was there pressure exerted on the Federal Government to have a Royal Commission
What would likely happen to the unemployment rate : Explain what would likely happen to the unemployment rate if the definition of being employed part-time was changed to require

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Finding a host-name in window cls

What is the command for finding a host-name in window CLS?

  Sql statements work without issue

Use SQL to Create a table with at least 4 attributes one of which is the Primary key. Then, insert 2 records into the table. Finally, use a select statement to show the content of your table after the inserts. Be sure your SQL statements work with..

  Project management process

Project closure is an important, but often overlooked, step in the project management process. Identify and describe a process for project closure.

  Amount of scrap iron and steel to japan and other countries

Why do some U.S. users of scrap iron and steel support a prohibition on these exports?

  Different conversion type

A measurement from inches to centimeters or vice versa. Use the program-defined functions: one for each different conversion type.

  What will the monthly payment for the principal and interest

Finance A bank offers a home mortgage for an annual interest rate of 8%. If a family decides to mortgage a $150,000 home over 30 years with this bank, what will the monthly payment for the principal and interest on their mortgage be?

  Determining the mitigating attacks

We've been talking about the various forms of attacks that malicious hackers can use to compromise security this week.

  Design a small network

In a Word document answer the question: How many Point-to-Point serial links could be assigned from this address? Also, list each subnet, and host addresses for each.

  Create a table that lists and compares their features

Create a table that lists and compares their features. Which would you recommend? Why? Create a report on your findings.

  Memory management schemes have in common

1. Which memory management scheme(s) would you specifically avoid for a real-time OS application such as airplane landing gear deployment? Explain. 2. What do these memory management schemes have in common? Dynamic Partitions, and Segmented.

  Explain reinforcement of changing program standards

Use operant conditioning, with the program of shaping, to get sloppy roommate to make bed neatly. Incorporate and label antecedent stimulus.

  What is a view and how do you define it

What is a view? How do you define a view? Does the data described in a view definition ever exist in that form? What happens when a user accesses a database through a view?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd