 Does anyone worry about the next generation and how they will be able to afford a home to buy? |
| I have a 15 yr old daughter and a 9 year old son. I cannot for the life of me imagine how they will ever be able to buy a home until i die and leave them mine. Even if they get a 'good' job ... |
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 Can I get a decent 1 br. rental for under $1000/month in the u.s? |
| min. 500 sq. ft., full kitchen, close to public transportation and shopping.... |
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 How do you get into the business of flipping houses? |
| Also, is it advisable to start a business solely for buying houses and flippping them for a profit?... |
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 Is there any way I can avoid paying capitol gains on selling my home??? |
I have owned my home for only four months. My job is taking me elsewhere and need to sell my home. Any way to get around capitol gain taxes??
Additional Details
Purchase price of home ... |
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 How can you find out what your home is worth? |
| I don't really want to pay for an appraisel, I am just curious.... |
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 Ihave lousy credit, my broker got me into a loan i could not afford or qualify for? |
| the bank never veried the phoney income statement. after i questioned the bank about why they gave me the loan we found false bank statements too. what should i do?... |
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 Is it a stupid idea to slowly start buying small things for your future home to save for when you buy it? |
| My guy and I are starting out together with a little bit, but we would like to soon get a home together, and I have always wondered if starting my own little hopechest would bve a good idea, getting ... |
|
 Someone please answer? |
| i have a question about a co-signer? I am trying to get a apartment but i need a co-signer. Does the co-signer have to pay any fees in order to be a co-signer? I have a lot of money saved up to pay ... |
|
 Is This A Scam?? |
the following answer came back in response to an apt rental query. Tell me what you think..would YOU take this guy up on his offer?
Hi,
My name is William James.I am in my ... |
|
 Sell Real Estate? |
I'm looking to Leave my change careers and sell Real Estate. Is is true about the earning potential?
Additional Details
I live the NY, NJ, CT area.... |
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 Can the HOA make me change my the color of my house? |
| A couple of years ago the HOA gave me their approval to change the color of my house. They have picked new colors and won't let me do any touch ups. They want me to paint my house a color on ... |
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 Breaking a lease? |
| My daughter recently signed a year lease with her best friend, after living there for 3 days the friend moved out, my daughter ran an ad and found a roommate after a month, now the friend is suing my ... |
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 Can theses two credit scores get into a house? |
| 656 and 660?......Can we get a loan?.How much of a loan can we get?... |
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 My electric bill, Please advice? |
| HI we recently got our electric bill and it is 3 times from the normal, its 350, for 2 months, is usually 150. Our hot water leaks and the landlord is taking forever to fix it, nobody really knows ... |
|
 Why should I rent or buy my first home? |
| I'm 27 and I just gotten married. We are looking into getting a house now. The only problem is that I am in the Army and stationed in Italy while my wife is located in Texas. Once I leave Italy I... |
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Fayeway | Will there be a time when the banks will see that regardless of credit history, everyone needs low rates? |
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 |
 
godged
 |
No. Rates are not based on need, they are based on ability to pay. Hence, the credit score system, it was put in place to assess your payment history.
Banks are in business to make money, not to be a charitable organization. Lenders reward those who are responsible with their money by offering a low rate. |
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mcmdcak
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Banks are not a " Social Services" entity, they are a business with the goal to make profits. The answer is NO. |
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Dont_taze_me_bro
 |
My friend, you do not understand the basic concept of risk. |
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TheMom
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Anyone who needs low rates will EARN low rates.
Higher rates only reflect the higher risk for the bank. Every single one of us is responsible for our own credit. If you have higher rates it is because of your own choices, it is not something that the bank does w/o cause. |
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Gizmo
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I wish they would see that if you are in your mid 20's have lived on your own for 6 years and have never owed anyone money you are responsible enough to take out a mortgage despite having a minimal (but good) credit history. If you are asking whether banks at anytime will start giving loans to people with bad credit at the same rate as people who have educated themselves about good credit and worked hard to keep their credit rating good, then I would say no- or at least I hope not. People with bad credit do not deserve the same rates as people who have kept their credit score good. They haven't earned it. Why would someone give you a low interest loan if you already owe a ton of people money or can't pay your bills on time? It is too much of a risk for both them. I would pull my money out of my bank right now if I thought they would give someone with a low credit score a loan at the same rate as someone with a perfect or near perfect credit score. Where do you think they get that money from? Why do you think your savings account earns interest? I would never bank with an establishment that was that irresponsible and few sane people would. |
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heyteach
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No, because it's not true. Credit should not be extended to those who have no intention of paying their bills and they are numerous.
There is nothing wrong with living within your means instead of expecting others to subsidize your greed. I'm tired of people who "need" brand new cars, a cell phone, a large home, a vacation, Starbucks every morning, and all this on $6/hr because they didn't feel like finishing high school or marrying before having kids. Then they claim they're "discriminated" against.
My sympathies are with those of us who are responsible, may not be able to get insurance through work, pay our bills on time, live frugally, and then have something beyond our control happen to us--such as a serious illness or the after-effects of 9/11. If we have financial problems it's not because we were irresponsible and that's vastly different from those with an "entitlement" mentality who will LIE on their mortgage applications--inflating their incomes by a factor of 5.
The higher the risk, the higher the cost to borrow should be and the higher the reward should be if you lend. That's what's right. |
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lunatic
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You don't own stock in many banks, do you?
Banks do not exist as a public service. They exist to make a profit for the stockholders. In fact, the executive management of every bank is charged with maximizing profits. Lower interest rates = lower profits = CEO gets fired.
It really is that simple.
. |
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linkus86
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No. Because rates are not based upon need and no one is going to lend money unless they are assured it will be paid back. |
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broccoli brain
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No, that is not going to happen. Credit history is what creates the risk factor for a lender. The higher the risk factor (created by a poor credit history) the more risk to the lender and the higher the interest rate charged. |
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Randy R
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NO |
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