Tag Archives: Mortgage Debt

50 Percent of California Households with Mortgages Cannot Afford Them

Posted on January 18, 2011 by doctorhb

Over half of Californians with a mortgage spend more than 30 percent of their income on housing costs. By prudent standards this is spending too much on housing. Of course housing pundits would like you to believe that this is somehow okay and justified but the massive amount of people unable to pay their mortgages in the state tells you that many are unable to support their current home (aka they cannot afford their home). Continue reading →

Posted in Foreclosures, Fresh Perspectives, Home Economics | Tagged california, Mortgage Debt, Option-Arm Loans | Leave a comment

Sham Survey Proves People Have No Economic Clue

Posted on March 3, 2010 by Patrick Butterfield

It is mind-blowing that 78-81% of potential homebuyers would be in favor of Government support. Do they not understand that if the support went away, they could buy a house for a lot less money? Continue reading →

Posted in Banking and Finance, Home Economics, Social Mood Swings | Tagged Fannie Mae, FHA, Foreclosures, Freddie Mac, Home Prices, Interest Rates, Mortgage Debt, Stimulus, Tax Credits | Leave a comment