The ‘American Dream’…conjure all the images you can…it probably includes ownership of a house, a two-stall garage, 1.5 children…”I got it myself and it’s all mine” type of attitude. Then the man pats his boot straps with pride.
Maybe you have other ideas…read this interesting article on Nationwide Property Values.
Is ownership actually economically better or it the image we prefer?
The word on the street is renting is more expensive than a monthly mortgage payment. Read this article on Grand Rapids Property Value.
The housing collapse of 2008 is the ‘American Nightmare’ we’d rather forget.
In 2006 housing prices steadily dropped. You may have bought a house last year in a 30 year fixed rate mortgage, but the next year your couldn’t sell your house and pay the mortgage BACK. That’s what we call – underwater. By 2008 the prices dropped some more. When households couldn’t pay that already underwater mortgage payment – they went into default and foreclosure…
HARP was born…Home Affordable Refinance Program…in 2009. Using Fannie Mae and Freddie Mac people who were in default, about to lose their homes could instead refinance.
People who were not able or did not take advantage of the HARP program have to live somewhere. Renting it is, sometimes through a government assistance program called section 8.
The buzzword lately is “affordable housing”, which can be a misleading name because it doesn’t mean affordable for you, but it’s housing for those who could not afford housing. Using a tax incentive program for investors to finance the construction of rental properties called the LIHTC (Low Income Housing Tax Credits)…in order to create more home for displaced people to live.
You! What would be best for you! Here is an interesting way to figure out how much you can afford to pay per month to hold your living space… your annual income divided by 40. If I make 20,000 a year I can afford $500 in rent.
Owning seems like the ball is in YOUR court, and you have the control. Is that true? What about the very legitimate fear that you could go underwater in a mortgage? You can sort of be responsible for your employment. Ask someone who was let go if they had control, though. You cannot set the market value of your home, either. You do not control the appraisal, although you sure can DIY, hire professionals to steadily add value…(read some tips for a greener, heavenly home here)
Owning frankly is added responsibility. The pay off for being your own property manager happens when you sell the house. The assumption is, you pay the mortgage monthly and when you are ready to sell you make a profit.
Think of this way. Someone might be paying a mortgage on the house, but renting it to you. They want to make a profit so you pay more than their mortgage.
Then there’s this hang up called credit. Which you need a great score in order to even qualify for a mortgage. Good credit repair is out there…like the Sub Prime Credit Store…if owning is your dream!
Sometimes you get lucky and the owner wants to slowly transfer ownership over to you…which is where rent to own comes in.
Not new news, but you aren’t going to make a profit on your rent. You are excited enough just to get back your security deposit. Rent to own is different because all rent you pay is coming off the principal worth of the house.
It’s true that rent to own homes can be incredibly hard to find. That’s what the Ultimate Rent To Own Home Program is here, for you!
5 Tips To Boost Your Credit Score
#1 Pay all bills like a boss – on time!
#2 Do not close old accounts because open lines of credit with low balances is a good thing and so is a longer credit history
#3 Speaking of, do not keep high balances on cards. 30% of your total credit line is as high as you ever want to get for an ideal score.
#4 Streamline your accounts. Spend on only 1 card? And put the rest in a safe place. This will ensure #1 happens.
#5 Know your score, and check annually. The three main credit bureaus are #Equifax, #Experian, and #TransUnion.
Yes, Even a Reputable Dentist Can Commit #IDTheft From Right Under Your Nose
This story will puzzle you — because it's ludicrous. Absolutely ludicrous. But it DID happen. And, luckily, the damage was minor, but this prove to you just how unexpected identity theft can be. You don't have to be a real "criminal" to commit to it.
You can be Dr. Richard Ludwig, a dentist making upwards of $4MM and with $250 in cash in pocket; yet this genius was absolutely dumb enough to steal a poor man's credit card accidentally dropped onto a parking lot after leaving the site and use it buy $40 worth of pizzas.
Of course, the unsuspecting victim found out that he was missing his credit card and then reported the plastic stolen. Yet the credit card company notified him that the card was already used. Needless to say, the victim reported the crime to the authorities and the cops showed up at the pizza place to find the dumb dentist Ludwig still waiting for his pizzas to bake.
Ludwig was apparently charged with three felonies, a consequence that could land him in jail for up to 15 years. All of that for just $40 worth of pizzas.
And he honestly could've paid for them himself!
By now you’ll agree that the saga that is Star Wars is itself a number of identity theft stories rolled into one. That should tell you something!
Personally, I love conspiracy theories. “There’s truth in everything.” It gives the our world the drama of TV without the glass between.
Here’s a juicy one: Hedge funds are going to own all the property and land, and will be landlord lords of all… playing hero through programs like HARP Program and in the name of economic growth! “Make America Great Again!” through the Federal Reserve lowering interest rates…meanwhile shipping jobs out, stagnating wages, increasing the cost of school, etc to hundreds of other aspects of life…and you get a mortgage in hopes that you’ll default. And the media distracts you with entertainment news and makes political news entertaining. And then convoluted, ambiguous fund who’s only rule is that an accredited (rich) person(s) need to be behind only 65% of that fund…read this article “What In The World Is Going On With Hedge Funds?”
Here is England’s historical social structure, for example.
The gist is: the nobles owned the land and the king told them what to do with it – add in the usual levels of corruption. The Knights fight for (or against some other) the king, and the gentry are educated with books written by the king(‘s people) and the serf or husbandman were RENTING the land and felt pretty good as long as there was some cottager (or child?) that they could boss around to ‘play king’. And then there’s the lowest, who own nothing and have nothing to do with it. This would be the Jesus type of character. And there, with new-to-you vocabular and contextualization, you have America! In 2016?
One guess who hold the trump card in this situation? There’s a really good hint within that sentence.
Pull the wool over eyes:
Wolves in sheep’s clothes:
Fundraisers Make Pitch For Trump At Hedge Fund Conference
Pull wool off the wolves, will you?:
Okay – So the conspiracy theory is: Trump and his nobles are hedge fund investors with the wealth in their deep, hidden pockets and with the government’s support through popular property-buy-out programs… hedge funds can systematically buy all property and be the landlords of all.
The truth is probably somewhere in between. We probably won’t be in another dark age. But the caste system is alive and well, isn’t it?
As long as there’s Game of Thrones through the looking glass…
You! renting-to-own your own home is the best answer for this conspiracy theory.
After 2008, people had to really become creative when it came to housing. Rent To Own Homes were an amazing one of theses solutions because it allows you to “test drive” the home before you commit to buying it.
How it works is that the tenant rents the home for a certain amount of time. Say, a year, then when that time is up, they are given the option to purchase the home. Often, they will be paying the down payment for the house a little bit every month proceeding the purchase. That is a portion of their rent during those months of renting.
The Sub Prime Credit Store’s rent to own program helps you find a home, protects you legally, negotiates your lease, fixes your credit, helps you acquire a loan and close one that real estate. Lets just say it is the one-stop-shop for anything financial. So stop settling. Get into the home of your dreams.
We’re not simply talking about a trickle type growth in the Grand Rapids, MI, real estate market. Try national — at least that’s what Trulia states, a national real estate research firm, crunching the numbers in preparation for analysis of the 2016 housing market, and here’s the major scoop: …
#AssistingRenters Find out why as a home renter, you're going to love the new green building movement that has been going on!
Green building has always been pricey, but good for you. But would you believe us if we said that green building is more than just beneficial now?
Listen: when you pack the power of Google+ viralness with the appeal of Pinterest, you’ve got some real estate Pinterest prowess at your fingertips!