alexandriaruthk profile image 53

The cost of house and mortgage rates went down, why is it that owning a house is still far fetched?


The housing bubble in 2007 affected the US economy. Five years after, mortgage rates (interest) went down and the prices of houses are more affordable, still many people are renting and can't buy their own homes? What do you think is wrong, unstable economy where people don't have stable jobs, future uncertain, people have low credit scores or people just want to rent a place to stay since owning a house is not a good investment anymore. What are your thoughts about this?

 

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Greg Cremia profile image61

Greg Cremia says

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4 years ago
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Two Minute Review profile image59

Two Minute Review says

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4 years ago
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  • alexandriaruthk profile image

    alexandriaruthk 4 years ago

    People are more cautious and banks I do agree are not that cooperative. They are safeguarding their business.

mrsgray profile image60

mrsgray says

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4 years ago
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  • alexandriaruthk profile image

    alexandriaruthk 4 years ago

    I agree with you about banks, they are difficult and even if interest rate goes down, it is still difficult to get a loan!