Abstract
Market innovative entrepreneurs have the desire of exploring declining economic markets to seek for windfall. They seek to profit heavily from adverse market conditions. The Great Recession may have presented some economic disasters, rage, and hardship to many people in the housing market in the 2000s but to the innovative market entrepreneurs, it presented some economic opportunities for experiencing a market windfall. Mostly, the objective of this exploratory study is to highlight the impact of the opportunistic events created by the housing foreclosure fillings, completed foreclosures, and home repossessions on the indexed price of housing that harbors the related opportunity cost. The increased indexed price of the housing driven by the fluctuation of both the quantity demanded and produced of housing seems to have led to the entrepreneurial windfall profit during the recession.
Highlights
The Great Recession may have presented some adverse market conditions but to the innovative housing market entrepreneurs, it may have presented some economic opportunities for experiencing a market splendid windfall
The interest rate series is the yearly rate of the AAA rate, the wage index is the national average wage index, and the price of housing is the indexed average of the Consumer Price Index (CPI)
Market entrepreneurs apply to compelling opportunities to realize economic windfall
Summary
The Great Recession may have presented some adverse market conditions but to the innovative housing market entrepreneurs, it may have presented some economic opportunities for experiencing a market splendid windfall. From the perceived speculative advantages especially in a declined market such as the housing market, the entrepreneurs have the desires to maximize economic profits with arbitrage--buying at low prices and selling at high prices in the resale markets. Recognizing that resources are scarce, the pivoting desires of the entrepreneurs are buying goods at very low prices and distributing them at very high prices They would differentiate their goods by some special market attributes to vary the prices. Even if the entrepreneurs' goods are comparable, factors such as product locations and accessibility could cause the prices of the identical goods to vary To maximize their payoff, the entrepreneurs would keep on buying and selling until the proceeds of the last unit sold contributes the same amount to revenue as it does to cost. Methodology, and results are handled in section seven and section eight provides the conclusion and the direction for the future study
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