My mother rents a home. She loves doing it and I love that she has been able to make it succeed. It was out of necessity as she had a new home built just before all of this mortgage mess and the economy going crazy. Actually it was about 2 years before that, but Michigan’s economy has been bad since then, it didn’t start with the housing market like the rest of the country did.

Anyway she just called to see about refinancing the house to put on a new roof, because it needs it. They won’t do it because that house is not worth it. It sucks, because she may have to unload it at a very cheep price now. Hopefully she can do something about it and not worry anymore. There are so many other problems we are having right now and this is something that she shouldn’t have to worry about.

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My little sisters and their boyfriends live together in an apartment right now, they have 3 dogs and a cat and are really looking for a home. They wanted to make sure they could actually afford one so they decided to look up what their expenses might be. They found out about how much they might pay each month for the mortgage and got home insurance quotes. They also got information on electric and other monthly bills from my one sisters boyfriend who has a house near here that he got when his mother passed. They can’t move into that one as it’s a 2 hour drive to school for 3 of them if they did that.

They think they can afford it, but they are also thinking about moving to another state in 2 years. I told them if they do buy a home get one that can be fixed up so they can sell it for a profit if the housing market gets better. I hope by then it is.

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