Word: homeownership
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...they've saved enough and built a strong enough employment and credit history. "We need people to rent longer before they buy houses, but we also need renters to feel like they have a stake in those properties," Rosemond says. "This would motivate them and create the kind of homeownership you want for a community, not the houses built on sand...
...That's homeownership in a nutshell: the dream of wealth, self-reinvention and security, combined with the faintest fear that something in your backyard may just come back to bite you. Welcome home, America...
...making public claims in order to address its specific concerns. We have recently conducted a survey of all 213 households. At this time, over half of the households have responded favorably to the prospect of the Brighton Mills relocation, and voiced their preference for a rental unit or a homeownership unit...
...People who have put in a full day's work are generally too tired to go out and terrorize the neighborhood by night," alderman Willie Wade says. Employment can assuage other social ills. It leads to more homeownership--meaning fewer absentee landlords and the drug houses that can go with them. And a job can anchor an entire family. Says Wade: "A little money in his pocket can convince a man to be a father to his children instead of stealing his neighbor's Cadillac...
...MONEY? NO PROB Scraping together the traditional 20% down payment is the biggest hurdle to homeownership, especially with home prices up an average of 54% over the past five years. That may explain why a recent survey by the National Association of Realtors found that a startling 43% of first timers signed up for no-money-down mortgages. But financing 100% of your home exacts some extra costs, like private mortgage insurance, which most lenders require for a down payment of less than 20%. On top of a larger than average down payment, you may also be saddled with...