FHCE 2100 Lecture Notes - Lecture 6: Median Income, Anglo-Irish Big House, Second Mortgage

• School: University of Georgia
• Department: Financial Planning, Housing and Consumer Economics
• Course: FHCE 2100
• Professor: Dr.Kabaci

Document Summary

What are the key issues identified: marsha now working at the abh. 20-minute commute: looking for a house to buy. Old or new: lack of money. Down payment = ,000: what"s important in buying a home (need more information) Reliable sources of information: disagreement over what they want in a home or where to live. In this issue: attitudes about homeownership, trends of homeownership, types of housing advantages and disadvantages, how much house can you afford, costs and benefits of owning and renting. Attitudes about homeownership: homeownership attitudes have been affected by the great recession. 57% of adults believe that buying has become less appealing . Renting has become more appealing than it was before (54%) 45% of current homeowners see themselves renting at some point in the future. 61% believe that renters can be just as successful as owners at achieving the. American dream. : still the best investment chart.