Solution # 3 :   Consumer Borrowing And Spending Habits Must Change 

The third Conceptual Solution that will significantly help to 1) prevent the coming of the Second Great Depression,2) get the real estate market and overall economy back on positive tracks, 3) enable the entire home buying, home selling, and lending processes to be performed more proficiently, professionally, and productively than ever, and 4) end the U. S. real estate market and overall economic Financial Crisis is that consumer borrowing and spending habits must change.

Although excessive consumer borrowing and spending significantly contributed to creating the biggest U. S. real estate market and overall economic Boom in history between the six year period 1998 thru 2004 they also significantly contributed to creating the biggest U. S. real estate market and overall economic Bust in history as well due to the development and continuation of massive payment delinquencies in all consumer debt level categories. We must never forget that excessive consumer borrowing and spending was also one of the 5 Major Reasons why massive payment delinquencies, which sparked and started the U. S. real estate market and overall economic Financial Crisis, developed in late 2004 and early 2005 in the first place. Simply stated excessive consumer borrowing and spending has significantly contributed to the development and continuation of the existing Financial Crisis. However does this mean that Americans and their businesses, who borrowed and spent money excessively between 1998 and 2004, should now be eternally punished by not being able to borrow and spend money again? Of course not but the culprits should be thoroughly investigated and when found guilty they should be convicted and brought to justice.

America’s Financial Crisis Solutions Book

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Remember to look for more Financial Crisis Solution Tips soon.