Home Ownership: A Right or A Privilege?
Should everyone own a home no matter what their credit history is like? Does past performance dictate future performance? Every time I think I’ve heard or seen it all some new twist happens that makes me wonder what is going on. Do lenders and my colleagues (yes I said colleagues) represent their clients for the right reason or for the "what’s in it for them"? Do they really think about the client and what’s best for them? I don’t think so. If we really cared for the client, lenders and some Realtors wouldn’t push to get them in way above their head only to have the buyer feel that they are drowning in debt! Foreclosures will reach an all time high because lenders allow 125% refinance mortgages on homes that aren’t worth what the buyer paid for initially.
I would rather have my clients wait a while until they save some money, have something vested in their home so they would be less likely to walk away when the times get tough. To this Realtor home ownership is a privilege and one that is earned by saving your money, paying your bills on time and being prepared for what comes with owning a home which is responsibility. We make it too easy to buy a home, way too easy! So I ask you - is home ownership a right or privilege? You be the judge. Let’s hear it out there. How about some voices other than mine…
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