Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Normal
Accepting food stamps is no doubt a good idea, as the first priority is to feed his children. Taking odd jobs for cash is another help. Should he really try to hold on to that house? Currently, it represents a liability of $100,000, but it does offer a place to live that is better than anything he is likely to be able ot rent. While the cost of houses has gone down dramatically since the crash of 2008, rents have not. The number of people who are renting has gone up as the number of foreclosures has increased, supply and demand has brought rents up. Now, about that car: On the one hand, he needs it to get to work. On the other, he can't make the payments any longer. If he defaults on the house, then he won't be able to qualify for a refinance.
Accepting food stamps is no doubt a good idea, as the first priority is to feed his children. Taking odd jobs for cash is another help.
Should he really try to hold on to that house? Currently, it represents a liability of $100,000, but it does offer a place to live that is better than anything he is likely to be able ot rent.
While the cost of houses has gone down dramatically since the crash of 2008, rents have not. The number of people who are renting has gone up as the number of foreclosures has increased, supply and demand has brought rents up.
Now, about that car: On the one hand, he needs it to get to work. On the other, he can't make the payments any longer. If he defaults on the house, then he won't be able to qualify for a refinance.
