Off-Topic: Trapped by Negative Equity

Eau Claire Lakes Topics

(Eau Claire Lakes Specific)

0 messages

Updated

Off-Topic

Lakes Online Forum

83,586 messages

Updated 4/16/2024 12:46:32 PM

Boat Maintenance

Lakes Online Forum

5,193 messages

Updated 4/3/2024 3:47:36 AM

Eau Claire Lakes Fishing

(Eau Claire Lakes Specific)

0 messages

Updated

Jokes

Lakes Online Forum

4,169 messages

Updated 4/15/2024 11:05:05 PM

Sports

Lakes Online Forum

4,260 messages

Updated 3/24/2024 9:24:45 AM

Grilling & Recipes

Lakes Online Forum

2,976 messages

Updated 3/20/2024 11:53:43 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	hibill -
	Subject:	Trapped by Negative Equity
	Date:	5/25/2013 11:19:44 AM

Biggest problem with buying a home is the down payment, my last purchase was 10 years ago and I had to come up with 25% down, which wasn't a problem for me. Many young people simply do not have the means or funds to drop 20K to 40K on a new home. I agree they must have some skin in the game and a perfect credit score to purchase housing.
I live in an older neighborhood, most of the house here sell for 100K to 200K and are from 35 to 45 years old. Even if a man can afford the payments, which in most cases is cheaper than renting the down payment is staggering.
I pay $640 a month for my home, 4 bedrooms,3 baths and a large finished basement plus shop, but across the street is a house half the size of mine and rents for $850. There must be a better way to buy homes than what is in the system today.

Other messages in this thread:

View Entire Thread

Trapped by Negative Equity - roswellric - 5/24/2013 7:02:03 PM

Trapped by Negative Equity - MartiniMan - 5/25/2013 10:05:32 AM

Trapped by Negative Equity - hibill - 5/25/2013 11:19:44 AM

Trapped by Negative Equity - Osms - 5/25/2013 11:55:39 AM

Quick Links
Eau Claire Lakes News
Eau Claire Lakes Photos
Eau Claire Lakes Videos