<$Monday, March 17, 2008$>
The Mortgage Crisis: It's Not Just Us
| With all of the talk going around both the news media and the personal finance blogosphere about the housing and credit crises and the downward spiral of our economy, it's pretty easy to become discouraged these days. I guess that's one reason I keep sitting on our mortgage application--as housing prices drop, it seems like a great time to buy, but with the Mortgage industry so unstable, it's also pretty scary. I definitely don't want to get into a deal that will just leave us homeless in a few years. I don't know whether to find it comforting or even more depressing to realize that the US isn't the only nation affected by this mess. The UK doesn't seem to be doing much better, or at least that's the gist I get from this article on UK homeowners being treated unfairly. It seems like there are greedy lenders on both sides of the Big Pond who are trying to take advantage of people's desperation and only making it worse for everybody. With stories like this, it makes me want to be sure I shop around, do my research, and be extra-careful about finding a reputable mortgage broker to help us down the path of homeownership. Labels: house-hunt, loans |
