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Posts Tagged ‘Economic Numbers’

Are you House Poor

Wednesday, April 7th, 2010

I can’t find the name of your HOME directory

Are you House Poor?

The great American Dream has always revolved around owning a home. Sure,
having the 2.3 kids, the cushy corporate job and the stylish car to drive
to work everyday are part of the myth, too, but nothing quite summed up
Americana quite like the white picket fence. But if recent economic numbers
are any clue, this dream is becoming a nightmare for many in the US.

According to date released by the United States Census Bureau, an
increasing number of homeowners are spending a larger and larger amount of
their incomes on housing than in previous years. People in 49 out of 50
states reported an increase. The only state that didn’t, Alaska, spent the
same amount. The report showed that people are spending around 21 percent
on their housing needs, up from 19 percent in 1999.

This is a huge problem for first-time buyers (more…)

Are you House Poor?

Tuesday, March 2nd, 2010

The great American Dream has always revolved around owning a home. Sure,
having the 2.3 kids, the cushy corporate job and the stylish car to drive
to work everyday are part of the myth, too, but nothing quite summed up
Americana quite like the white picket fence. But if recent economic numbers
are any clue, this dream is becoming a nightmare for many in the US.

According to date released by the United States Census Bureau, an
increasing number of homeowners are spending a larger and larger amount of
their incomes on housing than in previous years. People in 49 out of 50
states reported an increase. The only state that didn’t, Alaska, spent the
same amount. The report showed that people are spending around 21 percent
on their housing needs (more…)

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