THE IMPACT OF THE 2008 CREDIT CRUNCH ON THE HOUSING SECTOR.

Title of the Research

The title of the research is THE IMPACT OF THE 2008 CREDIT CRUNCH ON THE HOUSING SECTOR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Description of the project

This research is mainly related with the aspect of financial instabilities that were flowing in the economy few years ago. The mishaps that were initiated by different organizations and the decision makers lead to the financial crisis and that is the reason why credit crunch actually initiated. This research will be related with the aspect of how the credit crunch initiated and what was the core factors associated with it. In the similar manner the aftermaths of credit crunch are also discussed in this research paper. Dissertation Proposal

Objectives of the Research

The entire research mainly focuses upon the scenario of credit oriented mishaps that were incorporated by different decision makers and policy initiators in the United States. The entire research although focuses on credit crunch but it maintains a bottom up approach. This research will first focus on how the credit crunch initiated and what were the affects of credit crunch. In the similar manner once the credit crunch is discussed then the research will focus on the housing sector that how credit crunch has enormously affected the housing sector in both the short and the long run? Besides that certain other phenomenon’s will be discussed in the research that how the entire crisis initiated and what happened in the year 2008 that badly affected the housing sector. Discussion on the housing sector with reference to credit crunch can be considered as the core objectives of this research. . . . . . . . . . . . . Dissertation Proposal . . . . . . . . . . . . . . . . .

Background

Modern world is being run under the influences of a few financial institutions; there is certainly no doubt that the monetary conditions of the present economy are being administered by the policy makers of these financial institutions. The increasing trend of capitalism all around the globe and the defeat faced by the socialist system has predominantly strengthened the ‘laissez faire’ concept. The decisions and the policies are created and triggered by keeping in mind that these individuals or organizational can benefit to their heart’s content rather than the national interests of the economies. This fairly selfish behaviour of such institutions which are running the economies has affected the health of the macroeconomic structure of not a few regions but of the entire world. As mentioned earlier, the decisions are made for the attainment of the individual and organizational targets, therefore long term planning is something which is completely missing in the strategies; as an effect of this the governments around the world have become helpless; and some governments even provide shelter and aid to such institutions for their own political interests and gain, and most importantly at the end of the day the losses are born by the masses. This situation certainly provokes the need for a parallel or a substitute system for this impotent capitalism. The need for the socio capitalist system is being felt even by the western torch bearers of the capitalist schools; this depicts how severe the whole situation has become. Dissertation Proposal