buying a house in this country is like everything else a scam....even if you paid off the 30 yr loan which is impossible, still you must shell out property taxes each year. You don't OWN anything in this place ,,,remember it is only a dream.
The government get tough on banks! It's business If one can not afford the house.They need to walk away. Today with 3.5% mortgages a couple working at McDonalds could afford a great 83k home ($410.00 a month) in Oricle AZ. which use to be the more expensive area! It's not all bad If people working at minimum wage can afford homes now, And lookinng a a couple just starting out with any job can afford a four bedroom home in a nice area. This could encourage many to take these types of jobs.
Just walk away. Remember that big business walks away from bad investments all the time, because they know its economically better to leave that investment than to continue to pay into it. There is no moral imperative to keep paying into a mortgage that wrecks you financially. life is tough, and the lender is at fault for handing out risky mortgages like Subprimes, Alt-A's and Option ARMs.
buying a house in this country is like everything else a scam....even if you paid off the 30 yr loan which is impossible, still you must shell out property taxes each year. You don't OWN anything in this place ,,,remember it is only a dream.
Hirisk2298 3 weeks ago
The government get tough on banks! It's business If one can not afford the house.They need to walk away. Today with 3.5% mortgages a couple working at McDonalds could afford a great 83k home ($410.00 a month) in Oricle AZ. which use to be the more expensive area! It's not all bad If people working at minimum wage can afford homes now, And lookinng a a couple just starting out with any job can afford a four bedroom home in a nice area. This could encourage many to take these types of jobs.
troybrownrigg 5 months ago
Just walk away. Remember that big business walks away from bad investments all the time, because they know its economically better to leave that investment than to continue to pay into it. There is no moral imperative to keep paying into a mortgage that wrecks you financially. life is tough, and the lender is at fault for handing out risky mortgages like Subprimes, Alt-A's and Option ARMs.
monkeyman1140 1 year ago