If we want more people to be able to afford houses in the long-run, a two-year tax holiday for home-buyers isn't the way to do it.
Even upper-middle-class natives find themselves unable to afford houses in some parts of the city-state, such as Sentosa Cove, where more than 60 percent of the houses are owned by foreigners.
Peterson said auditors like Warren basically were hired to find the bad apples in the barrel and pull them out: borrowers with payments they couldn't afford, houses with inflated appraisals, people lying about their income.
More people buy houses because more people can afford to buy houses!
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Because we believe people need to be homeowners, whether or not they can afford to pay for houses.
Government subsidized mortgages continue to encourage people to buy and live in houses they cannot afford in the first place.
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Government pressure to keep people in houses they cannot afford during housing busts keeps these homes off the market and slows the adjustment process.
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Those generations actually owned houses they could afford, using mortgages sparingly.
It became big through coming to gentlemanly arrangements with the owners of big houses who could not afford to live in them.
Low interest rates are a godsend to consumers who borrowed at low teaser rates to buy bigger houses than they could afford.
Rather than let home prices fall, the U.S. government subsidizes home buyers so they can continue overpaying for houses they cannot actually afford.
Instead, they were bailing out both the Wall Street dealers who got us into this financial mess and the people who bought houses they could not afford.
Homeowners who faithfully made their mortgage payments demanded to know why others, who defaulted after buying bigger houses than they could afford, were not thrown out on the street.
The protestors rightfully assail the bailouts of banks and Wall Street executives, but their solution is more of the same including bailouts for student loans and individuals who took out mortgages on houses they could not afford.
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Private households bought bigger houses than they could really afford counting on growth to raise housing prices.
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Didn't lots of people try piling up debt on credit cards and buying houses they couldn't afford in hopes of solving all their financial problems?
It also encouraged people to buy houses they couldn't afford with the help of people who probably shouldn't have lent them the money in the first place.
Some of you bought houses you couldn't afford.
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Even many houses right underneath the grid cannot afford connection fees, a meter, and household wiring expenses.
Borrowers bought houses they couldn't remotely afford using exploding ARMs--a 2% teaser rate could jump to 8% within two years, even if market interest rates didn't change.
But there is still plenty of overlap between the two markets European bankers buy the 19th-century houses in Kensington that the locals can no longer afford so foreign demand pushes up prices.
No matter how cheap houses might be, families won't be able to afford them without income.
Even in Cleveland, many subprime borrowers are in houses that they cannot and will not be able to afford.
The rising cost of insuring and maintaining the opulent houses in which many of the chapter members live has made subscriptions so large that only the rich can afford them.
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