Surviving the Global Credit Crunch
September 21, 2007 by Maricel Ferrer-Custodio
Filed under Finance
Source: YouTube Submitted by: JurockVideo
Recently, I’ve posted articles about understanding foreclosure, the subprime crisis and how it affected global markets. The fear right now of most home owners and buyers is not so much about the mortgage crisis, but how to survive it. Real estate is a cycle, the trick right now is to hang on to your homes and investments till the next boom.
In this video; Ozzie Jurrock, a real estate expert gave some tips and advice on surviving the global credit crunch brought on by the subprime mortgage crisis in the United States. He explained how credit is going to tighten and how some people will find it a lot harder to obtain a mortgage. He gave some tips on what you can do before the credit crunch hits you.
The more you understand the global credit crunch, the more you can make yourself and your future investments resilient to it. Here are more resources to help you comprehend the factors that led to it:
BBC World News: Global Credit Crunch Probed
ABC Lateline: Global Credit Crash
CNBC: Real Estate Woes: Subprime Mortgages
