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Renting After Foreclosure

Renting Is Better For The Poor

by Moe Bedard

While suffering through the Great Depression, my grandparents never faced the challenge of making a fixed mortgage payment. Instead, they rented and moved every year. Their circumstances dictated whether it would be a move to a larger or smaller apartment. But mostly, in that era of deflation that lowered wages and prices, they were driven [...]

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Foreclosures are creating a new breed of apartment dwellers

by Moe Bedard

Most of the renters were displaced when homes they leased from real estate speculators or small-scale flippers fell into foreclosure, she said between fielding calls at the leasing office.
It’s created a new market for apartment dwellers.

On the other side of the Coachella Valley stands The Vineyards, a multimillion-dollar construction endeavor that kept many construction workers [...]

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Giving Up the American Dream Has Benefits

by Paul Maciel

PALMDALE, Calif. — Schoolteacher Shana Richey misses the playroom she decorated with Glamour Girl decals for her daughters. Fireman Jay Fernandez misses the custom putting green he installed in his backyard.

But ever since they quit paying their mortgages and walked away from their homes, they’ve discovered that giving up on the American dream has its [...]

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New American Dream: Walk Away and Rent

by Moe Bedard

“It’s just a better life. It really is,” says Ms. Richey. Before defaulting on her mortgage, she owed about $230,000 more than the home was worth.
People’s increasing willingness to abandon their own piece of America illustrates a paradoxical change wrought by the housing bust: Even as it

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Renting has become hip again

by Moe Bedard

Everyone’s doing it. Maybe you should try? Come on, you may like it!
Owning a home was once the most sought out American Dream in dreamers land. A dream that since the 1950’s came with Mom’s apple pie and baseball at the local park. Fast forward to over 50 years later and that dream is nothing more [...]

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Hope for the best and plan for the worst. Renting may not be all that bad, after all.

by Moe Bedard

A story of encouragement from the LoanSafe.org forum. In life, we all need to hope for the best and plan for the worst. The forum is all about paying it forward and helping one another out. A place where homeowners can remain anonymous, ask questions without getting ostracized, vent and rant. Join our community that is [...]

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