The housing market will turn around only when first time buyers can afford to move into housing, whether "afford" is persieved or real also plays into account the turn around in an unknown way.That is the basic crux of the housing market.

I can afford to pay this payment myself if I dont have it rented plus I have the cash I pulled out.

Nothing frustrates me more than the do as I say mentality.

The main reason why i financed with an interest only mortgage is because i was 23 years old and i couldnt afford high monthly payments.

The Seller has a problem now because he can't afford to make two mortgage payments.

i got frustrated and started looking for a deal, instead of an investment.

I cannot afford to pay for a full title report every time I find something of interest.

Besides, I can't afford the mortgage on both houses while the one is up for sale.

I, on the other hand, broke my leg on the first day of a new job; needles to say that by the end of the sixth month, our neighbors fed our children and the only food we could actually afford was ramen and spaghetti with nothing in it, even butter or ketchup).

"We are working to ensure that every qualifying FHA borrower is afforded the opportunity to explore all options to keep their homes," said HUD Secretary Alphonso Jackson.