‘I feel trapped’: how home ownership has become a nightmare for many Americans

‘I feel trapped’: how home ownership has become a nightmare for many Americans

US news, Housing, Economics, Communities, Business, Colombia Business | The Guardian

​Scores in the US say they’re grappling with raised mortgage and loan interest rates and exploding insurance premiums“I bought my home in a hurry in 2020,” said Meg, 60, an office manager from Maryland. “It was less expensive to take on a mortgage than to keep paying ever-increasing rents for my college-student daughter and me.”Now housing costs consume 50% of her income. Continue reading… 

Scores in the US say they’re grappling with raised mortgage and loan interest rates and exploding insurance premiums

“I bought my home in a hurry in 2020,” said Meg, 60, an office manager from Maryland. “It was less expensive to take on a mortgage than to keep paying ever-increasing rents for my college-student daughter and me.”

Now housing costs consume 50% of her income.

Continue reading… 

Leave a Reply

Your email address will not be published. Required fields are marked *