Saturday, November 8, 2008

Owning A HOME Costs More Today!

A major study from the Center for Housing Policy has confirmed what most people already knew- housing expenses are growing faster then paychecks. While mortgages often get the headlines, other household expense are raising even faster. From 1996 to 2006, incomes rose 36.3%. During the same period here is how much these expenses increased.
Mortgage Payments 46%
Utilities 43%
Property Taxes 66%
Property Insurance 83%
Most middle class Americans feel the presure of our current economy.
Some of you made have lossed jobs or taken a cut in your salary.
If you would like to express your opinion about the US financial state or maybe how you think it could be improved, I'd like to hear from you.
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