Tag: down payment
Without homeownership, it’s hard to save. When thinking about the future of Social Security, one concern should be whether future cohorts will have comparable assets to people retiring today. Today, a major component of the typical retired household’s portfolio is their home. In fact, the house is the major asset for most families. But today…
I am neither Black nor Hispanic but can relate in one small way to the difficulty so many people of color have coming up with a down payment for a house. Years ago, as a single person, I didn’t have the cash for a down payment either. But I was able to borrow $10,000 from…
