Wednesday, September 4, 2024 / by Matthew Daniel Tamburello
HomeSellers, HomeBuyers & Investors: Housing Market Uncertainty Means Knowledge Is Key!
Courtesy of:
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
In England, there is a saying that something secure and reliable is “safe as houses”. It’s a phrase that goes back to Victorian times and is generally representative of the belief that a house. “With its foundations, bricks, mortar and seemingly limitless growth in value” – this means trustworthy and dependable, meaning everyone should strive to own one.
The global recession in 2008 changed all that, with home equity wiped out for many homeowners who had previously paid over-inflated prices. The “property ladder” no longer seemed such a good idea – for many, it was now a financial trap rather than a lucrative investment. And with the collapse of the sub-prime mortgage market in the US, lending rules were tightened, and those people who still desired their own home found funding sources! ...
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
In England, there is a saying that something secure and reliable is “safe as houses”. It’s a phrase that goes back to Victorian times and is generally representative of the belief that a house. “With its foundations, bricks, mortar and seemingly limitless growth in value” – this means trustworthy and dependable, meaning everyone should strive to own one.
The global recession in 2008 changed all that, with home equity wiped out for many homeowners who had previously paid over-inflated prices. The “property ladder” no longer seemed such a good idea – for many, it was now a financial trap rather than a lucrative investment. And with the collapse of the sub-prime mortgage market in the US, lending rules were tightened, and those people who still desired their own home found funding sources! ...
