• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 5 of 5
  1. #1
    Join Date
    Jun 2005
    Location
    Auckland
    Posts
    5,086

    Default The American Dream is simply a dream

    An American tax break designed to promote home ownership is actually reducing the chances of buying a home for those with low incomes. A study from Kansas State University and the London School of Economics shows the growing cost of houses is forcing people to have a larger amount of money as a down-payment.

    Read the original report

    Found on The Conversation
    DFTBA

  2. #2
    Join Date
    Oct 2008
    Location
    Auckland/Melbourne/ whereever the money is
    Posts
    1,380

    Default

    Stupid symptom chasers again,
    these people can't see the wood for the trees .
    They even state it themselves:
    tight land restrictions mean that the higher demand for owner-occupied housing – because of increases in the mortgage interest deduction -- will only bid up house prices without expanding the house stock, which in turn means higher down payments.

  3. #3
    Join Date
    Jun 2005
    Location
    auckland New Zealand
    Posts
    5,236

    Default

    What they don't say is that a lot of Americans rent and don;t want to own. Weird but true. It's actually hard to do lease options in many cases because people would rather rent than own. I don't understand it but I see it there a lot.

  4. #4

    Default

    I think I understand it a bit, huge country = transient population.

    Jobs move round and so do people, so why buy?

  5. #5

    Default

    Believe it or not, I am one who rents my primary residence and buys up a bunch of rentals. The larger homes that I would be interested in purchasing are in my opinion still over-valued and have too high of carrying costs. For me and many people in my situation the key to a wealth building strategy is to have as much available cash right now to accumulate assets and not get stuck with one big asset/liability to live in. Opportunity cost!


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. The New American Dream Looks Good for the Rental Market
    By RoyalRoseProperties in forum Property Investment (USA)
    Replies: 0
    Last Post: 14-07-2014, 03:24 AM
  2. Renting: The new American dream?
    By muppet in forum Property Investment (USA)
    Replies: 3
    Last Post: 30-12-2011, 12:08 PM
  3. Speed-wealth is just a dream!
    By BusyLizzy in forum Property Investment (NZ)
    Replies: 6
    Last Post: 07-09-2010, 05:17 PM
  4. George Carlin on The American Dream
    By TonyMacaroni in forum Videos
    Replies: 0
    Last Post: 28-05-2009, 04:27 PM
  5. Pursue the dream but not in Sydney
    By muppet in forum Property Investment (Oz)
    Replies: 0
    Last Post: 13-07-2007, 10:11 AM
  6. What's your dream
    By Julian in forum General (NZ)
    Replies: 5
    Last Post: 19-05-2007, 11:34 PM
  7. dream or an aspiration
    By muppet in forum Property Investment (USA)
    Replies: 0
    Last Post: 23-08-2005, 11:03 PM
  8. I Had A Dream
    By muppet in forum Property Investment (NZ)
    Replies: 4
    Last Post: 05-04-2004, 09:35 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •