Homeowners make tradeoffs as costs soar
With budgets stretched, many consider new ways to bring in money
By Ilyce Glink, Wednesday, October 8, 2008.What percentage of your family budget is your mortgage or rent check?
According to recently released 2007 Census figures, 7.5 million Americans spend at least half their income on their housing expenses. That's 15 percent of all Americans, up some 400,000 from the year before.
For most family budgets, housing expenses combined with rising food and fuel prices is enough to break the bank.
more...Copyright 2008 Ilyce R. Glink
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