Real Estate Guides

Now that the bubble has burst, the important estate business has brand new rules - rules that no assets guide can reveal. Well, principally it's all good judgment! The cardinal rule: No matter what the thus-referred to as "specialists" say, do not buy a home you can't afford. You know you'll afford it when the monthly payment totes-up at approximately thirty onep.c of your monthly income. Period.

Unwary borrowers pay a high value for his or her failure to heed that cardinal rule. Right now, 322 American houses go into foreclosure each minute of each business day. Right now, in California nearly one in five householders is "under water" in his or her mortgage; right now in Las Vegas, the statistic soars to an almost unbelievable 70%. Although foreclosure rates have stabilized, rampant unemployment continues to drive foreclosures at a record pace. Therefore, this virtual assets guide states, in brief, do not pay what you cannot earn.Real Estate Guides