Is there any connection between the ongoing war in Iraq and the depressed real estate market?

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Is there any connection between the ongoing war in Iraq and the depressed real estate market?

2007-06-25 08:21:40 · 3 answers · asked by biggdre32 1 in Business & Finance ➔ Renting & Real Estate

3 answers

no i cant see that one.....it's weird too. this economy seems to be indifferent to war effort, gasoline prices etc...but no the price of real estate is not related to war.

i think a lot of the current state of housing market is related to secondary and bogus mortgage comapanies. theyre just writing bad loans.

2007-06-25 08:31:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋

No. The real estate market was over-heated and overly active. The current downturn is a naturally occurring correction to get prices back in order.

2007-06-25 08:26:41 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋

They both have their basis in greed.

2007-06-25 09:37:40 · answer #3 · answered by Qyllix 5 · 0⤊ 0⤋