d******o
发帖数: 1106 | 1 By Patrick Killelea, last updated Mon Jan 25 2010
Because house prices will keep falling in most places. Prices are still
dangerously high compared to incomes and rents. Banks say a safe mortgage is
a maximum of 3 times the buyer's annual income with 20% downpayment.
Landlords say a safe price is a maximum of 15 times the house's annual rent.
Yet on the coasts, both those safety rules are still being violated. Buyers
are still borrowing 6 times their income and putting only 3% down, and
sellers |
s*****e
发帖数: 531 | 2 Good article, too long.
mortgage is
rent.
Buyers
pay
【在 d******o 的大作中提到】
: By Patrick Killelea, last updated Mon Jan 25 2010
: Because house prices will keep falling in most places. Prices are still
: dangerously high compared to incomes and rents. Banks say a safe mortgage is
: a maximum of 3 times the buyer's annual income with 20% downpayment.
: Landlords say a safe price is a maximum of 15 times the house's annual rent.
: Yet on the coasts, both those safety rules are still being violated. Buyers
: are still borrowing 6 times their income and putting only 3% down, and
: sellers
|
g***e
发帖数: 14217 | 3 总结十条
1) prices are still dangerously high compared to incomes and rents.
2) much cheaper to rent than to own the same size and quality house
3) a terrible time to buy when interest rates are low
4) buyers already borrowed too much money and cannot pay it back
5) buyers used too much leverage
6) the housing bubble was not driven by supply and demand
7) massive and growing backlog of latent foreclosures
8) first-time buyers have all been ruthlessly exploited and the supply of
new victims is very l |
B*******s
发帖数: 80 | 4 what about the CA area?
seems not applicable a.
is
rent.
Buyers
pay
【在 d******o 的大作中提到】
: By Patrick Killelea, last updated Mon Jan 25 2010
: Because house prices will keep falling in most places. Prices are still
: dangerously high compared to incomes and rents. Banks say a safe mortgage is
: a maximum of 3 times the buyer's annual income with 20% downpayment.
: Landlords say a safe price is a maximum of 15 times the house's annual rent.
: Yet on the coasts, both those safety rules are still being violated. Buyers
: are still borrowing 6 times their income and putting only 3% down, and
: sellers
|
w********c
发帖数: 2632 | 5 the same old stuff.
is
rent.
Buyers
pay
【在 d******o 的大作中提到】
: By Patrick Killelea, last updated Mon Jan 25 2010
: Because house prices will keep falling in most places. Prices are still
: dangerously high compared to incomes and rents. Banks say a safe mortgage is
: a maximum of 3 times the buyer's annual income with 20% downpayment.
: Landlords say a safe price is a maximum of 15 times the house's annual rent.
: Yet on the coasts, both those safety rules are still being violated. Buyers
: are still borrowing 6 times their income and putting only 3% down, and
: sellers
|
m******r
发帖数: 410 | 6 good article. Thanks for sharing. In CA, high end houses will rush to market
soon with foreclosure. They will push down the price too. |
