Investing in real-estate, or more specifically, on a house or flat, is something that interests the salaried class very much. Though the scenario appears bleak due to the recent CRR and Repo rate hike by RBI (which could lead to an increase in home loan rates), buying a real-estate is something that is still worth [...]
I’m not normally the doom and gloom type but what I’ve been reading about subprime mortgage debt has me a bit concerned… I don’t know what will happen but one possibility is laid out below.
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There are approximately six million subprime mortgages in the USA. The average home price is $190,000. This comes out to $1.14 [...]