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Statistics

Statistics

Sometimes it is easy to fall victim to Statistics, but really, do you understand that You and Your Home Are Not National Statistics? If you don't then you are likely to undervalue your home or overpay for something that you could be getting a lot cheaper.

Statistics

Mortgage lenders see more borrowers give up

Nearly 3 million homeowners were behind on their mortgages at the end of last year, the Mortgage Bankers Association (MBA) said last week. An additional 1 million-plus borrowers were at risk of imminent foreclosure. The number of foreclosures is likely to set records throughout the year and poses an increasing risk to the housing market, the financial markets and the economy.
Ref. https://www.usatoday.com/money/economy/hous...p=DailyBriefing

Statistics History & Civil Business Politics

Since my wife works in this field I am very familiar with it. I have had my house now for 5 years on a 30 year mortgage. I have not missed a single payment and with everything going on right now I am very glad for it. My house has gone up in value the past threeyears so my equity is getting better and better. I know this year the value of houses is supposed to drop. I hope it does not drop too much. I do know if it drops to around what I owe I am going to losing a rather large amount of equity.

Statistics

The housing market in Alaska is still strong. So even though home values are slumping in parts of the nation our home is still worth a lot more than when we purchased it. We have quit a bit of equity in our home. I don't pay much attention to national trends and statistics. I am more interested in what is going on around me.

Statistics

kntoran has the best of both worlds, a wife in the business and financial security. If she cooks good then you really have it made.

Statistics

In a lot of cities the value of houses has dramatically dropped from 2006 because of the surplus of the houses. They have driven the price of the market up but once realized people can't actually afford all these houses the prices have dropped sharply, primarily in big cities that experienced a lot of growth in 2004 to summer 2006. The Fed caused the boom cycle by dropping the interest rate to 1% making people loan out money on the idea of making a lot of money without looking at the risk factors. In September of 2007 they raised the interest rate back up to 5.25%. With this sort of market manipulation the market is always going to try to go back to its natural state. The only way to fix it is to allow prices to go back where they should be. I believe this might only hurt us for a year or a year and a half like the depression of 2002. But the government has gotten really involved, I speculate it is because it is an election year and the controlling party wants to make the economy look as good as possible, but by trying to fix the prices it will only cause a greater collapse according to the Austrian School theory's of economics and monetary policy. I tend to agree with what I have studied from them the most. I don't believe you can spend to get yourself out of debt to spur the economy. That is like using a credit card to pay another credit card, how is that going to help us?

Statistics

My homes value actually went up in value this year. I do not understand it but I am not complaining yet. That just gives me more equity in it. I hope that it stabilizes for a time so my taxes do not keep going up.


Oh between I do most of the cooking at home.

Statistics Politics Business Civil & History

What do the statistics say about people being able to buy their own home again? When will that happen?