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They can afford the down payment on a new home, anywhere they can find jobs, and have money to live on.
FORBES: In Hard Times, Mortgage Debt Can Set You Free
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Then the house would have been sold to an occupant who could afford the mortgage since the payment would been the same as the rent.
FORBES: Europe's Saving Banks At The Expense Of Borrowers
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And what we're finding now is that a growing number of foreclosures are not the result of people not being able to afford their monthly mortgage payment, for example, but it's because they have negative equity.
NPR: What Fed's Comments Mean for the Housing Crisis
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Chairman Sheila Bair, put a freeze on foreclosures, giving people such as the Morrisons a chance to create a loan payment they can afford.
CNN: Plan could help 1.5 million keep homes, FDIC chair says
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It is not hard to sell a house to a poor person if he needs no down payment and if the initial terms are tailored to what he can afford.
FORBES: Financial Crisis: Clinton Rooted, Bush Fed, Obama Watered
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In effect what the Chancellor has said is that if an individual cannot afford to pay their tax any other way, the Revenue will be happy to collect the outstanding liability by credit card payment.
BBC: Money Talk