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