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Controversy in the US over a 20% down-payment on home loans

Monday, June 6th 2011 - 17:53 UTC
Full article 8 comments

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

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  • Fido Dido

    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.

    Jun 06th, 2011 - 06:25 pm - Link - Report abuse 0
  • yul

    US home ownership (2010) = 66.5 %

    US 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.

    Jun 06th, 2011 - 08:06 pm - Link - Report abuse 0
  • Duglas

    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 !

    Jun 07th, 2011 - 05:25 pm - Link - Report abuse 0
  • Fido Dido

    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 0
  • geo

    Hidden Communists/Neoliberals/Neocons can not invent anythings
    all are equaly stupid can not know the Economy,all are system parasites.

    Jun 07th, 2011 - 07:12 pm - Link - Report abuse 0
  • Fido Dido

    correct Geo, totally agree with you.

    Jun 07th, 2011 - 11:49 pm - Link - Report abuse 0
  • Artillero601

    @3 lol!!

    Are we re electing Mr O? Oh please , don't tell me you are GOP follower ... :-)

    Jun 08th, 2011 - 03:35 pm - Link - Report abuse 0
  • Fido Dido

    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.

    Unanimous cartoon...
    http://youtu.be/AjnM2shYIrM

    http://youtu.be/AjnM2shYIrM

    you can find more on maxkeiser.com

    Jun 08th, 2011 - 08:56 pm - Link - Report abuse 0

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