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?
Home values might not be done falling in many areas just yet. People may not want to take the plunge on something so expensive if they think they will lose their shirt when they want to upgrade several years down the line. Like moving from a townhome to a single-family. Also, banks want outstanding credit scores these days also, making those low rates out of reach to those just starting out and with a short (or checkered) credit history.
People are more cautious and banks I do agree are not that cooperative. They are safeguarding their business.
Not everybody is cut out to own a home. Some people have never learned how to be responsible which home ownership requires.
its far fetched i think because the banks are no long allowing anyone to get loans. The bank policy's allowed credit score has risen while the average credit score has dropped. Or people are losing their jobs due to lay offs or medical, and the banks will not refinance to lower the interest rates with the change of times. More and more banks are owning homes due to foreclosures because they are afraid or unable to help the people with their mortgages. The american dream is no longer obtainable...its truly a sad situation.
I agree with you about banks, they are difficult and even if interest rate goes down, it is still difficult to get a loan!
by Sekharg 12 years ago
I see lot of houses for sale.I heard interest rates are lowest.Is it a good idea to buy a house now?What do you think?
by Kiylah 4 years ago
Mine is that children shouldn't be disciplined by spanking/being hit - what's yours?
by Cassandra Mantis 12 years ago
Is it possible to buy a house with no money down?Basically its a "can I buy that house but with no money" question.
by Dedicated Content Curator 9 years ago
Oh the joy of seeing traffic rise ..... I set out to increase traffic two weeks ago and saw it increase by 40% per day.Trouble is ... today, for no good reason, it's dipped 20% below the starting point.Oh such a sad day Maybe the world is holding its breath because my hubs are so awesome...... and...
by Chitrangada Sharan 9 years ago
My hubber score went down from 90 to 83 in 24 hours!The stats are stuck up since 21 hours!What's up?
by Janis Leslie Evans 7 years ago
How are you adjusting to your new hubberscore?New HP algorithms for hubberscore (profile score) rolled out today reflecting the quality of your work. Traffic and participation in the community (forums, Q&A, comments) are no longer factored into the criteria. Did yours go up, down, or stay...
Copyright © 2023 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2023 Maven Media Brands, LLC and respective owners.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|