Waiting for 'economic angel' may prove futile
"Able and willing" usually means the ability to pay the monthly mortgage.
"During past downturns, there has been an angel in the wings ready to propel the economy forward," Tuccillo said. "Housing built us out of the tech bust, tech pulled us out of the aerospace bust, aerospace flew us out of the S&L bust. This time there is no apparent growth engine -- yet."
Tom Kelly's book "Cashing In on a Second Home in Central America: How to Buy, Rent and Profit in the World's Bargain Zone" was written with Mitch Creekmore, senior vice president of Stewart International, and Jeff Hornberger, the National Association of Realtors' international market development manager. The book is available in retail stores, on Amazon.com and on tomkelly.com.
|Contact Tom Kelly:|
|Letter to the Editor|
What's Your Home Worth?
Why in-house lenders are ineffective