Sunday, June 26, 2011

How proposed 20% down will affect you.

http://www.washingtonpost.com/proposed-20percent-down-payment-rule-could-put-owning-a-home-out-of-reach-for-many/2011/06/15/AGDJIhaH_story.html

If you ever plan to buy a house and are not a good money saver, your dream of home ownership may soon end.

If you plan to sell a house in the future, buyers may not be available as they may be the people in the above paragraph.  You may only be able to sell to investors.

House ownership could turn totally into investment property.  If you wonder how this could happen, click on the Washington Post link above for an unbiased article on a new proposal that could happen in September.

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