February 24, 2008
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With apartment rent soaring high in terms of rates, the most logical thing to do for these people is to stay home with their parents. It
may give you some reminiscing on the side whilst staying in your old bedroom, but this is the right option if these kids would want to save up.
The good thing about recessions is that there will always be an end to it and a point that it will stop, and when it does, more jobs will be available in the near future. But for now, it may be a couple months of good night’s sleep in your childhood bedroom.
February 16, 2008
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The number of troubled loans continues to increase despite the efforts from the government to make loans cost efficient or what not. Home equity during the end of last year dropped to 49.7%.
The bush administration has said that they are reluctant to utilize taxpayer’s money for them to help homeowners in their problems, as this may cause frustration and outrage to other taxpayers that are not experiencing the same situation of the majority.
We could only hope that the platforms of the Democrats and the Republicans include a solution to this impending problem. But for now, and adding the current recession, we could only wait and do save up for the following months are really uncertain.
February 7, 2008
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US Economy has hit its all time low, and is affecting real estate trends to date. The amount debt that homeowners owe now exceeds the equity of American homes. This crisis is very real to the extent of having the record of highest number of foreclosed properties, both in the suburbs and in urban residentials. And this is driving down the now depressed real estate industry.
Homeowners have not been able to pay their monthly dues for their dream homes and in turn owing money from the government. The rate of troubled loans according to Mortgage Bankers’ Association has increased from 6.1% during the last month of 2006 to 7.9% at the end of 2007.