The worth of American Properties

The way in which the Americans are "fastening seatbelts" had changed much more in the last years, which is important index for future assessment of financial markets. In the days in front of breaking of real estate ballon in USA, unsolvent citizens made their best to keep the property over their houses. Of this had no result, they stopped the loan of the car and finally reached the option - mortgage. In todays conditions, the list of priorities turned down, commented Reuters.
Maybe the real estate is not so important for Americans, mostly as its price is falling continuously. We may see soon Americans that first will sell their property, then the can and just finally the LCD TV set. This is the new question "To be or not to be", and even the idea about it is terrible.
In all cases, the credit ballon was created in result of the mortgage crisis in USA, which was followed by negative developing in automobile credits and finally came the problems with credit cards. According to datas of Federal Reserve, the expiring of the debt of credit cards with more than 30 days had grown with 4.55%, which is the highest level from 2003.
As a difference from the last bank crisis from the beginning of 90s, when the credit cards were hit before the mortgages, now the situation turned down. But it is difeerent now. In the last some years, on the first plan in USA came secondary mortgages, which gave possibility of people with bad credit history t get loans for buying of property. Also the first payments got almost to Zero, and the combination from the two gave the possibility of almost every American to be approved for getting a credit. This crashen the financial discipline of the population, for which the property has no worth, and mostly heaviness, which can quickly be thrown, when the price goes down. That is what happened.