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We have discussed housing market in general. Now let’s look at how it affects you. (at least 400 words)
If you are a homeowner, describe: [go to real estate websites (Zillow, Redfin, etc.) to find out relevant information]number of years of homeownership
how much your house has appreciated since purchase
average annual percentage increase since purchase
whether you are cost burdened (compare with 30% threshold)
your neighborhood is a buyer’s market (cool) or seller’s market (hot)
the reasons why you decided to buy a house
whether you think you made a good decision and why
whether you are satisfied with your living conditions
whether you have difficulty paying monthly payment during COVID
government policies that help homeowners during COVID
If you are a renter, describe:number of years of renting
how much your rent has gone up during these years
average annul rent increase since you/your family moved in
whether you are satisfied with your living conditions
whether you are cost burdened (30% threshold)
whether your place is protected by rent control
whether you have difficulty paying rent during COVID
government policies that help renters during COVID
whether you plan to buy a house eventually and explain the reasons of your decision
if you would like to buy a house, what are the hurdles towards your homeownership
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