The phrase
"estate collapse" refers to a situation where the value or worth of a person's land, property, or assets significantly decreases or disappears entirely. It can be seen as a rapid or dramatic decline in the financial state of someone's real estate or overall wealth.
Full definition
This was a major cause of the real
estate collapse of 2008 with the default of so many collateralized debt obligations (CDO).
«He's been caught in the real
estate collapse in South Florida, and he told me a few weeks ago that he might not make it without filing bankruptcy.
As a real estate professional in Seattle, Wash., he has sold over $ 75m in homes and became a top producer in his market during the
real estate collapse in 2008 — all before he was 30.
One of Genworth Financial's main business lines is mortgage insurance, so you can guess that the recent real
estate collapse wasn't exactly great for their bottom line.
I got crushed by the stock market collapse, and then again by the real
estate collapse and then had to take care of a sick family member.
In 2006, he wrote a prescient cover story for Harper's entitled «The New Road to Serfdom: An illustrated guide to the coming real
estate collapse.»
I actually did not think I would ever be able to afford a home before the real
estate collapse.
The economist Jared Bernstein writes that the real
estate collapse that came several years later was harder on the overall U.S. economy because home price appreciation had created a broadly - felt wealth effect and thus introduced broadly - felt pain.
Florida and Arizona were among states hit hardest by the real
estate collapse, and Ohio had higher than average employment rates.
Worsened by the 2008 recession, the real -
estate collapse, and the banking crisis, some of them (Ireland, Portugal, Greece, and maybe more) have needed major outside help to keep going, while the better managed, less - indebted, and more prosperous nations (above all Germany and France) have been reluctant to «bail out» their embattled counterparts.
Many of these loans went bad in the 2008 real
estate collapse.
A real
estate collapse is the biggest immediate threat to the Chinese economy.
The industry that was worst hit by the real
estate collapse was the construction industry.
It turns out the firm was hard pressed without a real
estate collapse.
THE TRILLION DOLLAR MELTDOWN by Charles R. Morris ($ 24.95, PublicAffairs Books): Readers of the business pages know about the U.S. real
estate collapse and the huge losses suffered by international banks, but most Canadians have yet to feel the impact.
Bad credit loans were always hard to get, but since the real
estate collapse, they are virtually impossible to find.
I hope this article was written before the real
estate collapse and 15 % real unemployment picture of 2009.
Guess we never learn, just look at the real
estate collapse!
During the height of the real
estate collapse, however, many lenders were unwilling to work with distressed homeowners wishing to modify their loan agreements.
Strict mortgage rules and a centralized and conservatively managed banking system helped Canada sidestep the kind of real
estate collapse that afflicted the United States in 2008.
The real
estate collapse, the economic downturn, and the growing scarcity of resources, have caused a sea change in thinking about shelter.
At the art blog, This is Colossal, they write that Wright's piece «is meant to juxtapose the playful childhood experience of building sand castles on the beach with his brother, versus the grim, modern - day reality of our current real
estate collapse.»
Successful agent and three - time author Matt Parker sold over $ 75 million in homes and became a top producer in his market during the real
estate collapse in 2008.
For those of us who weathered the real
estate collapse, we are all too aware of how expensive it is to be holding a piece of vacant real estate that can't be leased, sold or otherwise disposed of.
Phrases with «estate collapse»