Culture shock Essay Example | Topics and Well Written Essays - 500 words

Culture shock - Essay Example Group study replaced solo study with parents and teachers. I do not come from a wealthy class therefore I had to support myself in college for tuition funds and my pocket money. I come from a middle-class family. My parents and family members expect a lot from me. For this reason, they gave special attention to my studies while I was in school. This soft authority and system made me comfortable and dependent on it. Unfortunately, this is not nurturing or helpful in the long term. Eventually, a child has to open his wings and fly to leave the nest. Freedom, independence and choice were alien to me regarding life-changing decisions. I always had my parents and family there to guide me about difficult decisions. But college life is where parents expect their children to prove that they are capable of taking care of themselves. It was a whole different challenge to me. I believe that my family life was an educational ground for me to be ready for college life. My family background supported, nurtured and raised me in a secure and relaxed environment. The college life challenges people that they need to come out of their comfort zones. College life is where students do not care about laundry; bunking classes is the norm and having no money for anything is the story of almost every student. While at home, one is expected to live ‘normal. Obeying parents is the law. It is not just me, my fellows also feel this cultural shock. Some fall victims to this stark change while some adapt and refine themselves. I do not believe that one should consider college life as the ultimate test where penalty is either life or death. This way of thinking can turn average students into ‘useless’ bookworms. I have used the term useless because if someone learns nothing after spending hours reading something, he/she could have spent that time in more ‘useful’ ways. The illusion of acting well is worse than behaving bad. The

Implementation of the Saudi Mortgage Law Developing an Effective Research Paper

Implementation of the Saudi Mortgage Law Developing an Effective Mortgage Market in the KSA - Research Paper Example It was also gathered that the main purpose of envisaging the law was to develop secured financing in secondary market and to protect interest of borrowers as well as that of financiers regarding mortgages (Bloomberg â€Å"Saudi Mortgage Law Opens Kingdom to Home Lending Surge†). In the following sections, an overview of the law is discussed along with its impact on the KSA economy (Kingdom of Saudi Arabia). Additionally, role of Freddie Mac and Fannie Mae in the mortgage market of USA has been discussed along with an outline of importance of creating liquid secondary mortgage market in an economy. Lastly, recommendations have been provided regarding development of mortgage market in the KSA economy. The Saudi mortgage law is also known as the real estate mortgage law which is a union of five different laws regarding financing of real estate and control of finance companies. It was gathered that the enactment of the law was on hold for a very long time period considering the crisis in global real estate market that initiated with development and burst of housing bubble in the USA. These laws are being considered as of paramount importance for the KSA finance sector and real estate market because they are expected to ensure balance while incorporating innovation in the sector. Furthermore, these measures are expected to minimize growing gap in the financing market and emphasize on structured financing in the country’s secondary market. Fundamentally, these laws have been instated to ensure that investment in real estate sector is encouraged without deviating from the Shariah compliances. Basically, the mortgage law will make certain that both parties to a financing transaction will maintain transparency and adopt fair practices. The laws established that financiers should be honest, qualified, and have fair motives while borrowers must agree to various commercial terms and have strong credit rating that reflect