Not hard at all, I have to advise my troops about what to do with their homes when they’ve got to PCS. Which, personally, I think was incredibly foolish of them to buy, knowing that military member move at the drop of a hat.
I usually tell them to rent out their homes and use the rent money to pay off their mortgage... while living in an apartment at their next duty station.
But for the majority of Americans, that doesn’t apply. They buy homes with the intent to live in them for as long as they possibly can. And if you’ve lost your job, almost all states have laws on the books preventing you from being evicted from your home if you fail to make payment. So I really don’t see what the gripe is all about. It’s not like people are going to turf you out of your home.
Plus, if you’ve got to move to take a new job somewhere else, the rent out your original home instead of selling it... and use the rent monies to pay down your mortgage. If it’s not enough, well, it’s better than nothing... and if you keep at it long enough, you’ll end up with a paid for home that, in time, will still be worth more than you paid for it.
“And if you’ve lost your job, almost all states have laws on the books preventing you from being evicted from your home if you fail to make payment. “
huh? baloney, make your payments or they will start foreclosure proceedings.
“Plus, if you’ve got to move to take a new job somewhere else, the rent out your original home instead of selling it... and use the rent monies to pay down your mortgage”
yeah that good ole renting. I rented one of my houses out and they destroyed it.