Photo by Louise Rosskam, from the Library of Congress. Found on Flickr. Ask yourself: Can I afford to buy a house without financing? If I can’t afford to buy a house without financing, would I mind living in a house or my desired neighborhood for 15, 25 or 30 years (the probable length of your [...]
[27 Feb 2010]
Eric Posner, a law professor, and Luigi Zingales, an economist, both from the University of Chicago, have made an interesting suggestion: Any homeowner whose mortgage is underwater and who lives in a ZIP code where home prices have fallen at least 20 percent should be eligible for a loan modification. The bank would be required [...]
[24 Jan 2010]