The United States mortgage market has gone and is going through rough changes. Many laws have been introduced regarding lending and borrowing and a new initiative is again triggering debate as to its effects on the mortgage market. Read full article
owning a house in the US is a loser, you never going to own it tax to higher property taxes and the schem with (flood and you name it other) insurances. I learned my lesson.
Mortgages are a health hazard. Rent for several years and if you can't save enough for a house you can't afford a house ! Yes. You'll need to skip the Caribbean cruises, Vegas, the boat, Harley, snowmobile, gun collection, knife collection, Richard Petty autographed underwear, Swarovski trinkets,200 inch plasma computer monitor, $80 hair dresser sessions, $40 an ounce perfume, truffle oil, 26 inch wheels and tires.....................
It's not hard. Pretend you're not an American !
No Duglas, it's just don't follow that bogus American Dream what is created by the so called progressives (hidden communists/neoliberals/neocons) who invented it to put you in DEBT and become their SLAVE.
GOP/DEMS, seriously..is there any difference except the labels?
while the housing market continue to crash, there is something new brewing. Bitcoins. It makes NYC wall street boys very nervous and it's friends in DC.
Comments
Disclaimer & comment rulesowning a house in the US is a loser, you never going to own it tax to higher property taxes and the schem with (flood and you name it other) insurances. I learned my lesson.
Jun 06th, 2011 - 06:25 pm - Link - Report abuse 0US home ownership (2010) = 66.5 %
Jun 06th, 2011 - 08:06 pm - Link - Report abuse 0US home mortgage debt outstanding = ~ 11 trillions $
Household real estate values in the years : (as GDP %)
[1952 : 80 %].......[1982 : 100 %]......[2006 : 160 %]....[2010 : 110 %]
Mortgage debts as (GDP % )in the years :
( 1952 : 18 %].....[ 1982 : 30 % ]......[ 2010 : 75 %]
Existing Home inventories : ( 2010).....4 millions units.
Mortgages are a health hazard. Rent for several years and if you can't save enough for a house you can't afford a house ! Yes. You'll need to skip the Caribbean cruises, Vegas, the boat, Harley, snowmobile, gun collection, knife collection, Richard Petty autographed underwear, Swarovski trinkets,200 inch plasma computer monitor, $80 hair dresser sessions, $40 an ounce perfume, truffle oil, 26 inch wheels and tires.....................
Jun 07th, 2011 - 05:25 pm - Link - Report abuse 0It's not hard. Pretend you're not an American !
No Duglas, it's just don't follow that bogus American Dream what is created by the so called progressives (hidden communists/neoliberals/neocons) who invented it to put you in DEBT and become their SLAVE.
Jun 07th, 2011 - 06:46 pm - Link - Report abuse 0Hidden Communists/Neoliberals/Neocons can not invent anythings
Jun 07th, 2011 - 07:12 pm - Link - Report abuse 0all are equaly stupid can not know the Economy,all are system parasites.
correct Geo, totally agree with you.
Jun 07th, 2011 - 11:49 pm - Link - Report abuse 0@3 lol!!
Jun 08th, 2011 - 03:35 pm - Link - Report abuse 0Are we re electing Mr O? Oh please , don't tell me you are GOP follower ... :-)
GOP/DEMS, seriously..is there any difference except the labels?
Jun 08th, 2011 - 08:56 pm - Link - Report abuse 0while the housing market continue to crash, there is something new brewing. Bitcoins. It makes NYC wall street boys very nervous and it's friends in DC.
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http://youtu.be/AjnM2shYIrM
http://youtu.be/AjnM2shYIrM
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