Thus, this USATODAY article is a partial (and obviously after the fact) look at what is causing so many problems in the sub prime mortgage markets.
Housing costs punish family budgets - USATODAY.com:
"For some, the financial burden is far worse: 14% of homeowners with mortgages — more than 7 million households — shell out at least half their gross monthly income to cover their home loan, property taxes, insurance and utilities, up from 10% in 2000."
1 comment:
Considering half of renters do so, ownership appears very advantageous.
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