Business Finance Marketing

For years, the movie entertainment business has been a mega billion dollar industry. It employs tons of people and represents buying power on many levels, even basic levels in terms of personnel and supplies and inventory of all sorts. The movie business keeps numerous other business and industries in business in a big way. One industry that has done well due to the never ending supply of new movies is the costume business. Whether we’re talking blockbuster hits like Avatar or Toy Story to smaller affairs like the movie 300 that has produced a desire for 300 Spartan costumes and the like, movies on the big screen and small have been and continue to be responsible for a trickle-down effect to all levels of the economy. A big shout out to Hollywood for that!

The whole country has been hit by the economic crisis and defaulting home mortgages. It looked for a brief period that California real estate would not suffer greatly but that was incorrect. Property values have taken a big tumble downward and it’s uncertain when things will level off and hopefully start improving. The San Diego real estate market is a good example of how bad things have gotten.

It was always thought that you could never go wrong buying real estate, but unfortunately that is no longer true. Buying real estate when the interest rates are high, and house prices are even higher, can lead to disaster in poor economic times. Suddenly, your home is no longer worth what it was, but you still have that enormous mortgage to pay. Even more disturbing is the fact that others with better finances can take advantage of this, purchasing real estate that has gone to foreclosure, knowing that they have the financial backing to ride out any further drop.

Real estate is generally a good investment, but you never know when the country’s economics will affect your investments, something over which you have zero control.