Sarah Gerecke, chief executive officer of Neighborhood Housing Services of New York City and Ygmar Wiel, executive director of NHS of Northern Queens discuss whether home-buying is still an option for low- to mid-income New Yorkers.
What a headache a house is! All the time, something going wrong, it just eats up all your time and money. If you want to really get anything DONE in this world, DON'T own a house.
And eats up the land. I'm all for Going Vertical.
May. 14 2009 11:46 AM
Score: 0/0
Veronoica
from Sewall's Point, Florida
I live in Florida and do Real Estate part time. In Florida you can AGAIN get a mortgate for 102% of the apppraised value of the property. HERE WE GO AGAIN.
May. 14 2009 11:45 AM
Score: 0/0
rachel
from manhattan
i don't know where the idea that owning a house is the american dream .. the whole thing sounds like a nightmare to me. a constant obligation hanging over my head for the rest of my life. renting allows me to casually call up maintenance when something goes wrong and the lighter-than-air freedom to move wherever i want, whenever i want ... RENT RENT RENT!!
May. 14 2009 11:45 AM
Score: 0/0
Veronoica
from Sewall's Point
I am listening from Florida and i do Real Estate part time. I am amazed that it is currently possible AGAIN to get a mortage for 102% of the appraised value of the property. HERE WE GO AGAIN.
May. 14 2009 11:43 AM
Score: 0/0
Veronoica
from Sewall's Point
I am listening from Florida and i do Real Estate part time. I am amazed that it is currently possible AGAIN to get a mortage for 102% of the appraised value of the property. HERE WE GO AGAIN.
May. 14 2009 11:43 AM
Score: 0/0
Jim
from Tuxedo,NY
What's wrong with Condos or Co-Ops. You can still build equity and move up to a house after a period of time.
May. 14 2009 11:37 AM
Score: 0/0
Leo
from Queens
Many people who are in trouble right now had enough knowledge and education to know what was involved in buying and owning a home. The problem is that regular homebuyers need, in addition to a basic course on home buying, reponsibilities and process, an in-depth course on corruption, extortion and organized crime. Many people were led into buying a home and then the terms were switched on them and they were not given a choice so that they could not take conventional mortgages and were pushed to the interest only or ARM or low downpayment mortgages because these were more profitable for the criminal enterprises selling them.
May. 14 2009 11:36 AM
Score: 0/0
hjs
from 11211
homes are not the problem it's the size and location of the homes.
May. 14 2009 11:35 AM
Score: 0/0
Joe Corrao
from Brooklyn
The American Dream ain't home ownership...its that there is 1 Liberty that applies to everyone (in theory)....that Liberty applies to all cases for all uses...Law, Home Buying, Civil Rights
May. 14 2009 11:34 AM
Score: 0/0
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Comments [9]
What a headache a house is! All the time, something going wrong, it just eats up all your time and money. If you want to really get anything DONE in this world, DON'T own a house.
And eats up the land. I'm all for Going Vertical.
I live in Florida and do Real Estate part time. In Florida you can AGAIN get a mortgate for 102% of the apppraised value of the property. HERE WE GO AGAIN.
i don't know where the idea that owning a house is the american dream .. the whole thing sounds like a nightmare to me. a constant obligation hanging over my head for the rest of my life. renting allows me to casually call up maintenance when something goes wrong and the lighter-than-air freedom to move wherever i want, whenever i want ... RENT RENT RENT!!
I am listening from Florida and i do Real Estate part time. I am amazed that it is currently possible AGAIN to get a mortage for 102% of the appraised value of the property. HERE WE GO AGAIN.
I am listening from Florida and i do Real Estate part time. I am amazed that it is currently possible AGAIN to get a mortage for 102% of the appraised value of the property. HERE WE GO AGAIN.
What's wrong with Condos or Co-Ops. You can still build equity and move up to a house after a period of time.
Many people who are in trouble right now had enough knowledge and education to know what was involved in buying and owning a home. The problem is that regular homebuyers need, in addition to a basic course on home buying, reponsibilities and process, an in-depth course on corruption, extortion and organized crime.
Many people were led into buying a home and then the terms were switched on them and they were not given a choice so that they could not take conventional mortgages and were pushed to the interest only or ARM or low downpayment mortgages because these were more profitable for the criminal enterprises selling them.
homes are not the problem it's the size and location of the homes.
The American Dream ain't home ownership...its that there is 1 Liberty that applies to everyone (in theory)....that Liberty applies to all cases for all uses...Law, Home Buying, Civil Rights
Leave a Comment
Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.