My New Blog

     These days, cash is king. Those that have get the great deals. Future Donald Trumps are snapping up the best out there while at the lower levels hardworking families are squeezed by stricter standards and large down payments. Once upon a time everyone needed 20% down (or a parental "gift"), a steady income backed up by tax returns. Credit scores were mostly unheard of and credit sources were car loans and utilities. This isn't a wistful nostalgia trip to the 50's but 1979 when I bought my first house. Back then I paid $23K for a 2 bed 1 bath near Cape Cod. Todays young couples need up to $20K just to buy a starter home unless using a government program like FHA, VA, USRDA, or SHIP.

     With the new government rescue plan look to more use of these programs for years to come.