South Korean Foreign Minister Yun Byung-

It is a fact Adam Thielen Womens Jersey , the economic crisis is worldwide and has reached all corners of the world and is affecting all areas and economic sectors,
inlcudingof course real estate. However, just as the causes are varied economic
environment we are experiencing, there are several factors to consider which
show a light at the end of the tunnel, however small. Consider first the main
causes of this housing crisis. Westart point as the main culprit mortgage
collapse in the United States. The so-called subprime mortgages, aimed at
customers with poor credit, so the risk of default is much higher than any other
credit. This made accessible speculative buying and selling markets that
normally could not even buy a home, much less be investing money that did not
have in real estate. Besides that the speculation was accompanied by high
leverage, that is, out mortgages that, when sold, werecanceledto return to buy
another home with a new mortgage, both unfunded hiptecaoperations through
bridge. Put in simpler words, buyers invested imaginary money hoping to get real
profits.

This frenzy of real estate investment led to an unprecedented increase in demand, and thus a rise in prices overvalued, and therefore the debt. This, in
turn, resulted in the uncontrolled growth of supply, causing an increase in
construction projects, condominiums, residential houses, rating the market with
property prices inflated and unrealistic and over exceeding demand exceeded
previously. To these causes we may add even more, such as globalization that
affects not only the housing market, but virtually all markets, wiping out small
and medium enterprises that are engulfed by large transnational it is these same
big corporations who have saturated the market for goods produced in series and
in such quantities that have exceeded the demand of consumers, although they
insist (and to some extent have done successfully) to become a society
consumerism and pragmatic, which only account you have and how much you have,
buying regardless of whether necessary or not.

I could go on more grounds, but I deviate from the topic Now we analyzethe factors that can help us overcome the current situation and make it through the
tunnel. We must not forget one very important point is that real estate has
always been and will remain a good investment, for the simple fact of being a
commodity and does not deteriorate over time (in the case of vacant land , but
even those with construction if given proper maintenance and improvements), in
addition to the need for housing continues to grow, and for those privileged to
live in coastal areas, the number of beaches in the world is limited, which
limits supply and increases demand. Regardless of the current situation, the
housing market always recover, a matter of time. The problem we really should
matter is how long this recovery will take and prepare to weather this period.
In addition, there will always be buyers and investors looking for the best
opportunity, the best investment, best price.

SEOUL, May 23 (Xinhua) -- South Korean Foreign Minister Yun Byung-se and visiting European Union (EU) foreign policy chief Catherine Ashton on Friday
reaffirmed that the Democratic People's Republic of Korea (DPRK)'s nuclear
weapons program is unacceptable, Seoul's Foreign Ministry said in a statement.

During their meeting, the two diplomats reaffirmed their determined opposition to what they called the DPRK's further provocation, including another
nuclear test, agreeing to strengthen cooperation in deterring DPRK provocation
and achieving the denuclearized DPRK.

Tensions are running high on the Korean Peninsula as the DPRK threatened a new form of nuclear test after firing some 90 short- range missiles in late
February and March. The latest nuclear test of the DPRK was conducted in
February 2012.

Pyongyang on Thursday fired two artillery shells in waters near a South Korean naval ship sailing around the disputed maritime border.

Yun and Ashton shared the view that move was very regrettable and intolerable. Ashton pledged to strengthen cooperation with South Korea in
tackling the DPRK issues.

After the meeting, the two diplomats singed a basic participatory agreement on crisis management, which covers natural disasters, piracy control and
peacekeeping activities.

Ahead of the meeting, Ashton paid a courtesy call to President Park Geun-hye and visited the joint memorial altar in Seoul for the victims of the ferry Sewol
disaster, which left more than 300 people, mostly high school students, dead or
missing.

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