After too-easy mortgage lending brought the world economy to its knees in 2008, lots of people have been chewing over the question of how to make the housing market less prone to, you know, blowing up. One idea: 50% down payments.
Are you a renter? This means, in a technical sense, that you give someone else money in order to stay in their apartment. Feel like you want to do some expensive renovations? Stop right there!
Our heart goes out to all those unfortunate American Dreamers who invested everything in buying a home some time in the past five years or so, only to see it all blow up thanks to the mortgage meltdown.
The Way We Live Now: Rentin' like 47 apartments at the same time! And what is to stop us? It's a renter's paradise out there. As long as you're not jobless or getting robbed or naked and/ or freezing.
