CNBC’s “House of Cards” documentary clearly explains the entire U.S. housing market and the global economic crisis that came out of the housing collapse. A very thorough, 2 hour show that simply amazed me! Definatley worth a watch.
Preview and Slide Show at this link:
http://www.cnbc.com/id/28892719/
CNBC Show times:
Wednesday, February 25th 8p ET
Sunday, March 1st Midnight ET
Sunday, March 15th 9p ET
Let me know what you think after watching it.
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Here’s another good one from Frontline:
http://www.pbs.org/wgbh/pages/frontline/meltdown/
I am a California Realtor with 19 years experience – and this is the best overview documentary of the financial crisis and economic/housing downturn I have seen. I found it to be Honest, Candid, behind-the-scenes reality and it did not appear laced with spin.
After two years of watching misinformation ad-nauseum on the major networks it was refreshing to see truth finally told. I ‘m sure there is even more to be revealed.
The ‘mainstream media’ is still spinning rumors. I’ve not seen one interview with the President of the N.A.R. A great source for accurate information regarding housing is with National Association of Realtors. Mr Richard Gaylord, our President of NAR is an excellent resource. Realtor’s are at the center of the solution. Our experience is that until about a week ago, banks were NOT cooperating with loan modifications and extremely difficult to deal with when it came to short sale transactions. Not one bank had a logical short sale or loan modification process in place. Each transaction was a crap shoot. It is always better to keep a homeowner in the house to maintain the property if possible and to avoid forclosure – Realtors have always known this for the sake of the property, the community, the lender, the homeowner and to maintain property values.
In the event banks are unequipped, or do not have a loan modification process in place, I think a great labor pool for loan modification departments would be EXPERIENCED retired Realtors – Most caring Realtors know housing, loan processes, the vocabulary, how to package a transaction and are excellent communicators with consumers.
Hello Janice,
Thank you for the insight and the comment.
Dave