| theprof00 said: It wasn't the central banks that fucked us, it was ARM companies. Now that those are regulated giving out loans is preferable to what banks are doing now which is not loaning and just investing. Housing drives the economy. Without homes, people don't buy things like fertilizer, enetertainment systems and big home theater systems, garage door openers, alarm and security, appliances. |
I agree with this. My husband is totally ready to be Joe homeowner so we've started saving for a down-payment. We're thinking about buying a fixer upper since he could do a lot of the work. We have perfect credit though, but I still think it's hard to get a loan even if your credit is fine. My friend just got a loan for BoA and he kept having to go back to redo the paperwork like 4-5 times. They didn't make it easy for him.
We are going through a credit union we were apart of back in MD that is tied to the treasury. Bad side is, our cards are replaced more often because of the hacking. Good side is their rates are just simply unbeatable.
Rent is more expensive to own a house here and aside from property taxes, is very affordable. We never had any problems in an apartment up north, but here, there is more violence and cars being broken into, etc. Though our rent was just under $1000/mo for a one-bedroom not including utilities and such... it was the cheapest around too being inbetween Baltimore/DC.
Should be fun. I'm looking forward to it... but then dreading moving all my worldly crap again for like the nth time ._. We haven't heard back from the bank, we just started and it's been like 4 weeks now just because it's a buyer's market.
