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WACP909 Real Estate's Blog (5)

Renting: The new American dream?

WHAT HAPPENED TO DREAMING OF OWNING A HOME?

By Paul R. La Monica, editor at large, CNNMoney.com

Apr 15th, 2010

NEW YORK (CNNMoney.com) -- The American dream of home ownership has turned out to be the American nightmare for those who could never really afford a home in the first place.

Many borrowers are now in deep trouble as home prices have plummeted and the payments on bubble-era… Continue

Added by WACP909 Real Estate on April 19, 2010 at 8:00pm — No Comments

IS THIS A TRAILER HOUSE?

KNOXVILLE, Tenn. – From its bamboo floors to its rooftop deck, Clayton Homes' new industrial-chic "i-house" is about as far removed from a mobile home as an iPod from a record player.

Architects at the country's largest manufactured home company embraced the basic rectangular form of what began as housing on wheels and gave it a postmodern turn with a distinctive v-shaped roofline, energy efficiency and luxury… Continue

Added by WACP909 Real Estate on May 7, 2009 at 7:09am — No Comments

CAVE HOME FOR SALE



What's INSIDE and where is the… Continue

Added by WACP909 Real Estate on February 21, 2009 at 6:36am — No Comments

Obama Unveils $75 Billion Mortgage Relief Plan

AP – President Barack Obama delivers remarks about the home mortgage crisis, Wednesday, Feb. 18, 2009, at … MESA, Ariz. – Seeking to tackle "a crisis unlike any we've ever known," President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their homes to foreclosure.



Announcing the plan in Arizona — a state especially hard hit by the housing crunch — Obama said that turning… Continue

Added by WACP909 Real Estate on February 18, 2009 at 2:08pm — No Comments

BANK HOMES: $1,000.00 - WOW!

Radical cheap: $1,000 homes Les Christie, CNNMoney.com staff writer

Thursday January 8, 2009, 12:31 pm EST

Yahoo! Buzz Print The real estate market is so awful that buyers are now scooping up homes for as little as $1,000.



There are 18 listings in Flint, Mich., for under $3,000, according to Realtor.com. There are 22 in Indianapolis, 46 in Cleveland and a whopping 709 in Detroit. All of these communities have been hit hard by… Continue

Added by WACP909 Real Estate on January 9, 2009 at 8:54am — No Comments

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