Why I Feel That the Real Estate Market Will Take a Toll on Families
I think that divorces will skyrocket because of the housing market. The cause and effect of this is unknown but you can put the pieces together if you think.
The divorce rate will go up because of our nation's problem with their debt and due to the housing market. I feel that most problems in a person's marriage is due to money..... unfortunately. With the average couple having at least $8,000 of credit card debt, not including both of their school loans, you have a detrimental equation. Not only do couples have credit card debt and student loans they have to fret about, some own homes.
Most homes in this country have lost more than 20% of their value in the last year alone. If they were to eager to get into their dream home, they may have bought a home with a sub-prime loan that they could not afford and may never be able to afford. With a sub-prime loan, after a set amount of months, their low interest rate on the loan jumps and their payment on their mortgage all of a sudden jumps in some cases more than 30%.
When a couple can barely afford their mortgage payments to start, and it jumps more than 30%, it eats into every part of their budget. If you put yourself in their shoes, if your not a victim already, you will have to make hard decisions like, pay the mortgage or buy groceries. This would, in my eyes, cause a huge strain in a marriage. The divorce rate is already more than 50% in this country and 20% of people owe more on their homes that what it is worth.
There are many ways to avoid this according to a lot of people. I feel different. If you owe more on your home than what it is worth, try to short-sell it. If you still have equity in your home sell it by-owner. People do not realize how much money they throw away when they sell their home with a real estate agent. On a $200,000 home, you may pay more than $14,000 in commissions. That commission, for just placing your home on the MLS, can be your down payment on an unbelievable deal in the future.
There are many different ways to accomplish selling your home without commission. There are also a lot of different resources to find a home at a great deal.
I would recommend using my website http://www.foreclosurebyowner.org.
If you are selling your house by-owner, you can list your home for free or use my premium listing service. If you are in the market to pick up a great deal on any kind of home, check my site out. I have over 1.6 million listings. My site will give you an estimate on what the home should be selling for and what the price of the home is now. You will not be disappointed. There is even a forum to shoot around ideas and meet people in your situation. http://www.foreclosurebyowner.org
Article Source: http://EzineArticles.com/?expert=Clayton_Harlan
The divorce rate will go up because of our nation's problem with their debt and due to the housing market. I feel that most problems in a person's marriage is due to money..... unfortunately. With the average couple having at least $8,000 of credit card debt, not including both of their school loans, you have a detrimental equation. Not only do couples have credit card debt and student loans they have to fret about, some own homes.
Most homes in this country have lost more than 20% of their value in the last year alone. If they were to eager to get into their dream home, they may have bought a home with a sub-prime loan that they could not afford and may never be able to afford. With a sub-prime loan, after a set amount of months, their low interest rate on the loan jumps and their payment on their mortgage all of a sudden jumps in some cases more than 30%.
When a couple can barely afford their mortgage payments to start, and it jumps more than 30%, it eats into every part of their budget. If you put yourself in their shoes, if your not a victim already, you will have to make hard decisions like, pay the mortgage or buy groceries. This would, in my eyes, cause a huge strain in a marriage. The divorce rate is already more than 50% in this country and 20% of people owe more on their homes that what it is worth.
There are many ways to avoid this according to a lot of people. I feel different. If you owe more on your home than what it is worth, try to short-sell it. If you still have equity in your home sell it by-owner. People do not realize how much money they throw away when they sell their home with a real estate agent. On a $200,000 home, you may pay more than $14,000 in commissions. That commission, for just placing your home on the MLS, can be your down payment on an unbelievable deal in the future.
There are many different ways to accomplish selling your home without commission. There are also a lot of different resources to find a home at a great deal.
I would recommend using my website http://www.foreclosurebyowner.org.
If you are selling your house by-owner, you can list your home for free or use my premium listing service. If you are in the market to pick up a great deal on any kind of home, check my site out. I have over 1.6 million listings. My site will give you an estimate on what the home should be selling for and what the price of the home is now. You will not be disappointed. There is even a forum to shoot around ideas and meet people in your situation. http://www.foreclosurebyowner.org
Article Source: http://EzineArticles.com/?expert=Clayton_Harlan
I think that divorces will skyrocket because of the housing market. The cause and effect of this is unknown but you can put the pieces together if you think.
The divorce rate will go up because of our nation's problem with their debt and due to the housing market. I feel that most problems in a person's marriage is due to money..... unfortunately. With the average couple having at least $8,000 of credit card debt, not including both of their school loans, you have a detrimental equation. Not only do couples have credit card debt and student loans they have to fret about, some own homes.
Most homes in this country have lost more than 20% of their value in the last year alone. If they were to eager to get into their dream home, they may have bought a home with a sub-prime loan that they could not afford and may never be able to afford. With a sub-prime loan, after a set amount of months, their low interest rate on the loan jumps and their payment on their mortgage all of a sudden jumps in some cases more than 30%.
When a couple can barely afford their mortgage payments to start, and it jumps more than 30%, it eats into every part of their budget. If you put yourself in their shoes, if your not a victim already, you will have to make hard decisions like, pay the mortgage or buy groceries. This would, in my eyes, cause a huge strain in a marriage. The divorce rate is already more than 50% in this country and 20% of people owe more on their homes that what it is worth.
There are many ways to avoid this according to a lot of people. I feel different. If you owe more on your home than what it is worth, try to short-sell it. If you still have equity in your home sell it by-owner. People do not realize how much money they throw away when they sell their home with a real estate agent. On a $200,000 home, you may pay more than $14,000 in commissions. That commission, for just placing your home on the MLS, can be your down payment on an unbelievable deal in the future.
There are many different ways to accomplish selling your home without commission. There are also a lot of different resources to find a home at a great deal.
I would recommend using my website http://www.foreclosurebyowner.org.
If you are selling your house by-owner, you can list your home for free or use my premium listing service. If you are in the market to pick up a great deal on any kind of home, check my site out. I have over 1.6 million listings. My site will give you an estimate on what the home should be selling for and what the price of the home is now. You will not be disappointed. There is even a forum to shoot around ideas and meet people in your situation. http://www.foreclosurebyowner.org
Article Source: http://EzineArticles.com/?expert=Clayton_Harlan
The divorce rate will go up because of our nation's problem with their debt and due to the housing market. I feel that most problems in a person's marriage is due to money..... unfortunately. With the average couple having at least $8,000 of credit card debt, not including both of their school loans, you have a detrimental equation. Not only do couples have credit card debt and student loans they have to fret about, some own homes.
Most homes in this country have lost more than 20% of their value in the last year alone. If they were to eager to get into their dream home, they may have bought a home with a sub-prime loan that they could not afford and may never be able to afford. With a sub-prime loan, after a set amount of months, their low interest rate on the loan jumps and their payment on their mortgage all of a sudden jumps in some cases more than 30%.
When a couple can barely afford their mortgage payments to start, and it jumps more than 30%, it eats into every part of their budget. If you put yourself in their shoes, if your not a victim already, you will have to make hard decisions like, pay the mortgage or buy groceries. This would, in my eyes, cause a huge strain in a marriage. The divorce rate is already more than 50% in this country and 20% of people owe more on their homes that what it is worth.
There are many ways to avoid this according to a lot of people. I feel different. If you owe more on your home than what it is worth, try to short-sell it. If you still have equity in your home sell it by-owner. People do not realize how much money they throw away when they sell their home with a real estate agent. On a $200,000 home, you may pay more than $14,000 in commissions. That commission, for just placing your home on the MLS, can be your down payment on an unbelievable deal in the future.
There are many different ways to accomplish selling your home without commission. There are also a lot of different resources to find a home at a great deal.
I would recommend using my website http://www.foreclosurebyowner.org.
If you are selling your house by-owner, you can list your home for free or use my premium listing service. If you are in the market to pick up a great deal on any kind of home, check my site out. I have over 1.6 million listings. My site will give you an estimate on what the home should be selling for and what the price of the home is now. You will not be disappointed. There is even a forum to shoot around ideas and meet people in your situation. http://www.foreclosurebyowner.org
Article Source: http://EzineArticles.com/?expert=Clayton_Harlan
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