Market Conditions
Trends in the United States economy have led to the growing market for foreclosure services and equity stripping. Property values have increased dramatically from 2000-2005. However, with an increase in values, foreclosure rates also peaked in 2001 and remained high, leaving numerous foreclosed homeowners with substantial equity. With these trends, a market emerged to tap into this equity.
Read more about this topic: Equity Stripping
Famous quotes containing the words market and/or conditions:
“I respect not his labors, his farm where everything has its price, who would carry the landscape, who would carry his God, to market, if he could get anything for him; who goes to market for his god as it is; on whose farm nothing grows free, whose fields bear no crops, whose meadows no flowers, whose trees no fruit, but dollars; who loves not the beauty of his fruits, whose fruits are not ripe for him till they are turned to dollars. Give me the poverty that enjoys true wealth.”
—Henry David Thoreau (1817–1862)
“There is no society known where a more or less developed criminality is not found under different forms. No people exists whose morality is not daily infringed upon. We must therefore call crime necessary and declare that it cannot be non-existent, that the fundamental conditions of social organization, as they are understood, logically imply it.”
—Emile Durkheim (1858–1917)