I was hoping that this lecturer would get to the point of why real estate prices went down and he did not. I know why. Fewer and fewer good jobs. This was happening as technology reduced man-power by replacement of machines that were more efficient and reliable. When enough people couldn't pay their morgages and credit card bills a collapse of housing prices was held off by offers of morgages to those that could not afford it. The politicians put off the problem and made it bigger at the same time. Now they blame financial institutions for the problem instead of explaining that this had been coming for a long time and they don't have a solution to eliminate the problem. If manufacturing and corporations can produce all the goods and excessively without the pay-out for labor needed by the economy to thrive. How is that to be fixed. Not mentioning it won't fix it.
People need good paying jobs to be able to support their families and buy the goods corporations want to sell. Machines and electronic scanners don't purchase consumer goods. The machines won't be eliminated. The cheap imports won't be eliminated. We are painted into a corner and no-one wants to admit it. Jerry Haymaker -BS business management.