Displaying items by tag: purchase of an apartment

The economic meltdown that started in the stock market and quickly spread throughout the housing industry has left many home owners facing challenging times. In recent years homeowners have found it difficult to maintain their mortgage payments as they experienced pay reductions and even loss of employment. With credit lines for home equity loans or remortgages drying up, more and more homeowners have had to make some tough decisions in order to provide the necessities for their families. Many home owners facing these daunting prospects have turned to renting as an intelligent alternative to home ownership during this economic downturn.