America is a car-crazy culture. Consider these statistics from a recent Minyanville article. In 1970 there were 529 cars per 1,000 people in the U.S. Today there are 765 cars per 1,000 people. The number of cars per person in the U.S. is 40 percent higher than in Europe, 500 percent higher than in China, […]
Tag Archives | Mortgages
Extra Credit for Homebuyers
One element of the Obama administration’s economic stimulus package is a tax credit for first-time homebuyers of up to $8,000. As described in an LA Times article, the credit recently got even more valuable when it was made available to help cover closing costs or for use as part of the down payment. For those […]
Building On a Solid Foundation
Much of the financial crisis gripping our country can be blamed on bad mortgages. Some say the mortgage mess is due to a lack of regulation or corporate oversight. Others say borrowers simply bit off more than they could chew. While the blame game intensifies, the Associated Press just reported on new Census Bureau data […]