[Sticky] How can a poor housing market put home buyers in a financially unstable position?
Last Post by Alexander James 1 year ago
30/10/2021 4:13 pmTopic starter
A. Changing property value means it’s easier to find homes with low rental costs.
B. When the home value decreases, property taxes and insurance costs increase.
C. Houses are valued lower than their purchase prices, so the home equity decreases.
D. Home buyers lose all tax benefits and tax incentives when the housing market goes down.
E. Mortgage payments can increase even though the home value decreases.