How to buy a house for dummies


KIMMSWICK In today’s gloomy real estate market, Jordan Heiman thinks he knows how to make housing a more attractive buy. Just take a look at the utility bills for the prototype highly energy-efficient new house he and his partners have built at Kimmswick.

McCain would buy bad homeowner mortgages (Miami Herald)
Republican presidential candidate John McCain announced Tuesday he would order the federal government to spend $300 billion in federal funds to buy up bad home mortgages and allow financially troubled homeowners to keep their houses.

WORLD MARKETS STILL TROUBLED: U.S. to buy stake in array of banks (Detroit Free Press)
The government will buy an ownership stake in a broad array of U.S. banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around the world despite all efforts to slow the selling stampede.

McCain plan to buy bad home mortgages hit (The Washington Times)
Sen. John McCain’s $300 billion plan to buy up all bad home mortgages and refinance them at a lower fixed rate came under fire Wednesday from economists on the left and the right who said his idea was a redundant, unworkable, costly scheme that would plunge taxpayers deeper into debt.

Government to buy bank stocks (Detroit News)
The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday.

Realtors blink, cut home prices up to 25% (Business Standard India)
This festive season may be a good time to buy your dream home, for property developers are showering discounts… More Fears of an economic slowdown in the US, and a consequent spread of the crisis to Europe and other parts of the world, resulted in oil prices falling over 12 per cent since Monday, the largest weekly fall since early 2004…

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