"You have your system and we have ours," said the Cuban woman, identifying herself only by her first name, Alejandra. "I prefer our system. We don't have mortgages and so we're not facing foreclosure like so many of you are."
Alejandra knows about the foreclosure crisis in the United States
because her son lives in Florida and is struggling to make his house
payments. "I worry about him," she said. "If he loses his job, he'll
lose his home."
(From an article about Real Estate in today's
New York Times)
- Re: Neo-Georgism--Replying to Chris Cook
... ever owning a property because prices have inflated ... One simple example: the thirty-year home mortgage, ... House Is Less of a Bite By DAVID LEONHARDT and MOTOKO ... payments, far more than they once did. ...
- Re: Let me simplify it for you...
... In terms of the life of a mortgage, they are historically low. ... Checking the online classifieds for a house comparable to my apartment ... Going for a condo could lower the payments even further as they are ... friends work at the AT&T Data Center here in St. Louis). ...
- Re: New Stray
... the foreclosure rate in the US is worse than the depression of the 1930s! ... Payments are unnaturally low in the first ... The other daughter is stuck in a tiny two bedroom house. ... Finding a rental that will take pets can be impossible. ...
- Re: Whats Wrong The Tech World? (a Hatter rant)
... >>> a playroom onto the last house for the baby. ... of course that extra cash comes straight off the principle. ... > lump sum principle payments on the front end. ... How much net work could a network work, if a network could net work? ...
- Re: Should I make overpayments on mortgage?
... You mean an 'interest only' loan where the interest is rolled into the ... It's good only if you can be confident that the house value will ... in fact rise faster than the debt accumulates. ... I and others have said here many a time, to putting all your payments ...