Many aspiring homeowners see a land contract as the answer to their prayers, but mortgage experts and lawyers say they almost always result in financial calamity. “Land contracts and leases with option to buy are both costly and destructive detours that diminish the likelihood that consumers entering these contracts will ever own a home,” said…
Experts Warn Private Real Estate Deals Offer Low-Income Homebuyers False Hope
Private Real Estate Deals Offer Low-Income Homebuyers False Hope, Experts Warn
Many aspiring homeowners see a land contract as the answer to their prayers, although mortgage experts and lawyers say they almost always result in financial calamity. “Land contracts and leases with an option to buy are both costly and destructive detours that diminish the likelihood that consumers entering these contracts will ever own a home,”…
Another Housing Crisis?
Commentary Washington seems to have missed the lessons of 2008’s financial crisis that it seems ready to set up the nation for a second run. The last crisis had lots of moving parts and reflected many bad decisions. One of great significance was Washington’s long insistence that banks and other lenders extend more and more…
World’s Top Economies Face Contraction Amid Uncertainties
COVID-19 restrictions, global supply chain disruptions, and the impact of the Russia-Ukraine war on energy, food, and metals prices have resulted in the shrinkage of the world’s top two economies—the United States and China. U.S. inflation remains at a 40-year high, with April’s consumer price index jumping 8.3 percent from 12 months earlier, according to…
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