Word: keeping
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...over 9% in early 2010. While the government helps some people stay in their homes, the overall housing market could be overrun by foreclosures driven by job losses. Under these circumstances the value of homes will continue to fall. And as prices decline, the current homeowner rescue plan will keep people in their houses using mortgage assistance programs without helping them pay down the principle on their loans. These balances will get further out of touch with the overall market each day as the economy goes through a natural cycle. At least allowing them to go into foreclosure would permit...
...interest rates of homeowners who could not otherwise afford their mortgages may actually string out the amount of time it takes for housing prices to reach a nadir and swing up again. A homeowner with a $300,000 mortgage on a house which is worth only $200,000 will keep that house off the market if at all possible, to avoid having to come up with $100,000 to subsidize a sale. That house sits in limbo while the government makes the monthly mortgage payment low enough to keep it in the hands of its owner. Excess home inventory growth...
...that they will never really "own" a home. They will remain in houses where they are very unlikely to be able to pay off the principle. These residences will not be released into a market where prices continue to drop very rapidly because there are no government programs to keep the housing prices at or near current levels as people are pushed out of work. If enough people lose homes, some of them will at least have the opportunity to buy property that they can afford, property which has reached its economically "correct" level through the forces of the market...
...primates as pets. The bill has stalled since it was introduced in 2005, but the Stamford assault may well renew its debate. "This is a tragedy for the families involved, for the animal and for the community - but it's not a unique story," says McCann. "When humans keep wild animals as pets, they pose a danger, and more times than not it will end in tragedy...
...Most modern readers aren’t out there reading “Clarissa.” Have you? FM: Nope! JL: Yeah. It’s long. It seems hackneyed, because it’s the origin of these further conventions, so we couldn’t actually keep complete fidelity to the sensibility.6.FM: It seems that you’re hoping it will be kind of a gateway drug into these 18th-century novels. What would you hope that a reader would gain just by reading it? JL: I do wish that it brought people to read more...