where is the money gone? The subprime is the driver of the gloable recession.

Notvsitor

We know the crisis, trillions have been lost all over the world. Where is the money gone? Everything has value or potential value. It has price when people trade them. If you own a house without borrowing mortgage, you need a house to live in for the rest of your life, you don't care about the house price movement. If you take the all US real estate market as a whole, it does not make too much different if the house price is down or up. The house wills stay in the US for ever. The fact: the US house price down, trillions have been written from all over the world. All over the world share the loss, some countries even go to bankrupt.

Notvsitor

The world loss of money causes the global recession. One thing to remember, all the houses are still standing in US and they are not disappeared from the earth. The crisis will be over in the future. The house price will go up eventually. By then, will the world share the profit of the US property boom ...???

xiaobailong

问题在于，那房子本身本来就是只值10万，泡沫时候被人为炒到100万。现在跌下来回到50万。有什么不对的地方吗？