Renters also May Not Find Decent and Affordable Housing

RE:Renters also May Not Find Decent and Affordable Housing

Douglas M. Thomson Sr. — Sat, 19 Apr 2008 11:00:00 GMT

I suggest that since the banks have high inventories of low priced homes, renters should offer to purchase the home. Many lenders accept 3% down and will take interest only payments for the 1st 3-10 years. Purchase a home as a low income buyer will met many of the HUD and new Federal backed home buyer programs. You will be surprised how easy it is to buy a home if you meet the minimum income requirements. Lease Option to buy with a partner if you can not afford the payment. Many investors will agree to let you live in the home while you make the payment. The investors put down the earnest money for a small percentage for the future profits when you purchase the home. Be creative as now is the time that buyers are in high demand. Sellers are stuggeling to sell unwanted property and Lenders can not hold onto property very long.

RE:Renters also May Not Find Decent and Affordable Housing

Bridgette — Thu, 17 Apr 2008 11:00:00 GMT

I am very concerned about the economic state of the country, I work for an afforable housing department and it is a very hard thing for families to go into shelters and live this way. Everyday we are housing homeless families, there are many days I want to ask how did this happen? But we are not allowed to do that. I am in Califorina where the increase in the rental market is horrendous. In order for you to live in a place where you might not hear the police chopper every few hours will cost you on and adverage for a two bedroom $1500.00 and that is a good price, but to live well you will have to pay any where from $1800.00 to $2500.00.. This is so sad. The government has to step in a put a stop to the rising cost of the gas and housing.. HELP!!!! We Need Help!!!

RE:Renters also May Not Find Decent and Affordable Housing

Anonymous — Thu, 17 Apr 2008 11:00:00 GMT

This is not a suprise. Why the banks, wall street, and the Federal Reserve have not been using these numbers in their corporate decision making over the last decade is beyond me. Guess unreal manipulated dollars not based on true economic market numbers is better than real money. Wonder how long THIS hangover is going to last?

RE:Renters also May Not Find Decent and Affordable Housing

Anonymous — Thu, 17 Apr 2008 11:00:00 GMT

It is our duty as people to make the neccesary changes to provide for each other. Greed has killed this industry. Now people cannot rent. It a shame. Shame on america for being the best country in the world and not taking care of its people.