This article examines the financial viability of homeownership in the wake of the housing crash, and how the housing crash impacted ideas about mortgage spending and commuting.
Which of the following five options best describes your opinion?
Owning a home is without a doubt better financially than renting a home. (48%, 67 Votes)
Owning a home is probably better financially. (25%, 35 Votes)
Owning and renting a home present equally good financial opportunities. (13%, 19 Votes)
Renting a home is probably better financially. (7%, 10 Votes)
Renting a home is without a doubt better financially than owning a home. (7%, 10 Votes)
Total Voters: 141
Please vote, and encourage those you know to vote!
Recovery attitudes are on the move
Four years after the housing crash and the eruption of the financial crisisAn economic downturn resulting from the failure of banking and government agencies to regulate and adjust to developing market conditions., the California residential real estate market still struggles to find a firm foothold on recovery. Even the unprecedented low interest rate/low housing price combination provides home sales volume only weak traction as it continues along the bumpy plateauA recovery characterized by a prolonged pattern of short-term increases followed by short-term decreases in home sales volume and pricing, resulting in little or no long-term recovery trend. recovery path.
So, how have opinions about housing changed in the wake of the housing crash and extended recovery?
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is a licensed real estate agent and the first tuesday Journal Online editor. She is also lead editor for the Forming Real Estate Syndicates, Buying Homes in Foreclosure, Legal Aspects of Real Estate and Tax Benefits of Ownership books.