Only in America is my story possible!
I was born in the country of Trinidad and Tobago. My family migrated to the island of St. Croix in the United States Virgin Islands when I was 3 years old. I grew up in the shadows of where Alexander Hamilton grew up in Christiansted, St. Croix who also migrated to the United States Virgin Islands and grew up there before moving to the continental United States and becoming one of the Founding Fathers of the United States and playing a significant role in developing the economic and financial system in our country. Like Hamilton, I move to the continental United States after graduating from high school. I attended the University of Alabama in the heart of the area where much of the Civil Rights Movement took place. I wanted to find a way to give back to the community so I went to work as an unpaid volunteer with a college degree in Business Administration to help develop a community development loan fund geared to economic development in a low income area of the state called the Blackbelt. My work developing the loan fund led me to be involved in the political process in the. Democratic Party. I realized the greatest challenge facing minor communities was the access to capital while working at the community development loan fund so I decided to enter the mortgage business after leaving the loan fund. Here is where my story became an incredible story. I was in the mortgage industry during the real estate crash in 2007 and 2008. I heard all the stories about risky mortgages to people who couldn’t afford homes that led to a real bubble which caused the real estate market to crash. Leading up to the real estate crash, I tried to explain to anyone who would listen, the entire story being told about the real estate bubble was incorrect. No one want to listen to what I had to say. People in the Democrat Party told me I sounded like a Republican because my story about what really happened in the real estate market didn’t line up with the narrative they wanted to tell of President George W. Bush destroying the economy, because it was a good story to help with the election of President Obama. I left the Democrat Party and decided I need to go back to school to get my doctorate degree so I could become an expert on the subject then everyone would have to listen to what I had to say. I went back to school in 2011 and got my MBA the started working on my doctorate in 2012. In 2018 I published my dissertation that concluded there was no financial bubble and raised serious questions about the existence of a real estate bubble. On the 31st of this month my work proving the conclusion of a real estate bubble preceding the 2007 and 2008 Global Financial Crisis was false will be published in the Journal of International Business and Economic. My research proving advancement in technology was responsible for the increased home prices in the United States and not a real estate bubble will also be published in the same issue. To think a little dark skinned kid from a little country in the Caribbean migrated to the United States, got a doctorate degree, then solve what may end up being the greatest financial crisis in our history is only something that could happen in this country. It seemed like the shadow of Alexander Hamilton have loomed over me for a long time and have inspired me to follow in his footsteps and give back to the greatest country in the world. Today I just tell everyone how proud I am to be an American and how proud I am of the American Flag that stands for the hope in my life story.
Dr. Walters Explanation For What Really Caused The Real Estate Crash
Between 1990 and 2006 before the real estate crash home prices in the United States increased because of advancement in technology. Home listings went from print media to online listings drastically increasing potential buyer for real estate listings. To consider purchasing a home in 1990 people had to find a real estate printed magazine, then drive from home to home to see if they were interested in the home. By 2006 real estate listing were all online. Individuals could just go online to shop for a home with much let time or effort. The convenience of being able to buy a home online significant buys for home and shifted the demand curve for homes causing hove prices to increase significantly. The failure to consider the effect of advancement in technology on home prices was a significant error that led to the false conclusion of the existence of a real estate bubble in the United States. No accounted for the impact of advancement of technology on home price in the analysis that concluded there was a real estate bubble. This led to the false claim which was widely accepted and perpetuated by the mainstream media because the story fit the narrative to help Obama get elected in 2008. It is quite troubling, the existence of a real estate bubble was so widely accepted without any evidence at all being presented anywhere in support of a real estate bubble. The spread of false information of a real estate bubble cause fairs the the mortgage and lenders stopped lend causing the real estate market to crash, leading to the Global Financial Crisis of 2007 and 2008.