With lots of talk about a real estate bubble bursting around the corner, here's some tips on preparing and protecting yourself from its consequences.
The Center for Housing Policy reports that in the last five years the number of working families paying more than 50% of their gross income for housing has jumped by 76%. The people most at risk are those with adjustable rate mortgages. As interest rates rise, many people with adjustable-rate mortgages and low monthly payments that allowed them to buy a home they couldn't really afford will not be able to make the rising payments.
How to Survive Housing Bubble Trouble | via financialplan.about.com
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