Homebuying 101: An Affordable Challenge Essay -- Journalism Essays

Homebuying 101 An Affordable ChallengeFor the past four weeks, Natalie Delsoin and 24 other Boston residents have been spending their Tuesday nights learning the ins and outs of affordable housing. Delsoin belatedly moved to Dorcester after a military stint in Germany, and she hopes to someday own a home. She plans on that day coming sooner sooner than later. Delsoins biggest concern is her 2 year-old daughter.I need a wholeness family home that is safe and safe for my child, she said.The class instructor, Tanya Townshend, teaches 30 to 60 flock in each of her homebuyers classes. Townshend works as an assistant property passenger vehicle for Maloney Properties, a New England real estate chain that sponsors a subjugate of sessions for homebuyers.Townshend said about 10% (of class attendants) seem to be desex to buy after her four week seminar. The rest attend more than classes or work on improving their credit rating in advance bidding on a home.Boston is one of the tightest housing securities industrys in the country. Many first-time homebuyers are looking for any advantage they can rag in finding their first home. For many homebuyers, affordable housing is the only realistic option. However, affordable housing is limited and there are a number of obstacles for families seeking to go that route. To help with the process, the city of Boston and a handful of community development groups sponsor first-time homeowner courses and support programs for people interested in affordable housing.According to a August 2000 U.S. discussion section of Housing and Urban Development (HUD) low income housing study, the overall emptiness rate for rental units in the Boston was 4.1% in 1998 compared to 6.7% for the Northeast kingdom and 7.9% for the country. The h... ... at the assessment shows this duplex has no remodeling work done, the exterior and internal structures are poor, and the interior finish is graded as substandard. For a two-family home, it offers a decent accommodation each residence has three bedrooms and one and a half bathrooms, as well as over 1,700 feet of living space. profound depreciation in property value indicates the place is extremely hand down.For prospective first-time homeowners, a tight housing market and constantly ever-changing neighborhoods pip finding the right home a difficult choice. The market is full of wrong choices. Potential buyers like Natalie Delsoin and James Creed project out hope when their lottery number is picked, there are becalm affordable housing options waiting for them. Creed says that regardless of when that time comes, the classes make you go in with your eyes more wide open.