4 Thoughts on how will subprime mortgage problems affect the average americans?
  1. Reply
    shamieya
    February 9, 2014 at 9:01 am

    When one goes to buy a home, fewer finance options will be available and it will be harder to get approved.

    Hasn’t affected me at all though.

  2. Reply
    teran_realtor
    February 9, 2014 at 9:29 am

    It will lower the sales prices. So for those wanting to buy, it’s not such a bad thing. For those wanting to “move up”, they need to either wait it out, or rent out their current home and buy their bigger home (at a good price).

  3. Reply
    Treo
    February 9, 2014 at 10:17 am

    Simple: Because hundreds of thousands of borrowers (who really didn’t have the financial fitness to buy a home in the first place) aren’t paying back the millions and millions of dollars that were loaned, the banks aren’t going to have money to give responsible people loans, credit cards, and interest on their investments.

    Result? Irresponsible people, welfare moms, high school dropouts, the unemployed, and other irresponsible groups of people will probably get a giant government bailout and they’ll get a free pass to keep their homes.

    As for the rest of us, we’re not going to be able to realize the American dream and get a home because we won’t be able to get a loan at a reasonable rate, if at all, and we won’t be able to invest and get any solid returns because banks will reduce interest dividends.

    God Bless America!

  4. Reply
    sharpshooter
    February 9, 2014 at 11:06 am

    Treo I like the way you think 🙂 Well said

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