Properties and Apartments

Archive for March 3rd, 2010

Paying way too much each month on an underwater mortgage? What are your alternatives to remaining chained to a loan that makes no financial sense.

Government bailouts were designed to help the banks, not the individuals. The system cannot handle millions of foreclosures at once without the frail man behind the financial curtain being exposed.

When banks sold us on the notion that a house was an investment instead of an expense, the path to ruin was blazed.

I do become enraged when I see talking heads putting people down for not keeping up with their mortgages – especially when they have no idea of the individual homeowner’s situation.

Businesses increased investment, helping out GDP, and the economy grew at a 5.9% interest helping reinforce the idea that the recession is coming to an end. Based on this good news, the Boise real estate market will be buoyed by the gains in economy.

It was estimated that Gross Domestic Product would increase at a clip of 5.7%, instead it grew at a rate of 5.9% according to the Commerce Department, based on fourth quarter financial numbers. Not since summer of 2003 have we seen such a rapid pace of growth in GDP. The fastest quarter was the third quarter which posted a robust 2.2% growth rate. Adding these contributing factors in with local ones, will help stabilize the Boise real estate market.