The family has lost the fact that their mama tries to tell them, before, freedom was life but now money seems to have the controlling factor in life. When money becomes an obsession for a family, problems occur. Walter seems to be a good father to Travis, but starts to lose control by the end of the play. When with Travis, Walter relates too much to money, instead of focusing on their family fun in life. Walter tries to impress Travis with money and thinks that teaching Travis to be rich is the happiest way to go.
Many people put a lot of money into a home, then some incident comes along making keeping up with payments more of a challenge, but is it really unfair that their home ... ... middle of paper ... ...e doing the responsible thing in the process, the amount of missed payments should affect credit because the Person didn’t immediately take the actions necessary when they knew they would soon find themselves in a financial hole. But by decreasing payments and increasing interest rates on people who are struggling to pay their mortgage, it makes it so both parties receive a victory, the bank gets its money and the person gets their chance. Foreclosure is definitely a reoccurring predicament that continues to be a home owner’s worst nightmare. It is not an easy dilemma to abolish, it is definitely one that needs a lot of thought put into it, but immediate action must be taken to protect people from losing their homes. Many existing ideas have aided home owners from getting their houses foreclosed upon, but I hope my ideas can aid in the process even further.
This solution will help solve many of the problems such as people buying houses they can’t afford and contractors offering high sales rates. It will also help families like may aunt who move several times just to get a place they can afford. It will also help many people save their homes and keep them from being homeless. The majority of the nation’s problem in this foreclosure crisis is that people are buying houses that they cannot afford. Everyone knows that when it comes to buying a house for the first time that it’s a major accomplishment for him or her, but some people in the nation do not seem to consider their salary when it comes to buying a home.
The Great Recession forced people to look at house ownership differently. People began to worry that their house value could drop, resulting in a loss of money. This concern was especially prevalent in Millennials who have currently been very slow to buy a house of their own. The fear of buying a house has held them back from living the American Dream, however they have some valid concerns for why they refuse to invest in a house. The pros of homeownership for Millennials is the fact that they are the up and coming working class.
Helping the Housing Industry In the current state of the economy, one thing is sure to either help it bounce back or keep it in the basement, and that is the housing industry. It is very hard to drive anywhere and not see a “for sale” sign or two sitting in front yards. People have lost jobs or been cut back, and therefore driven out of their homes they once loved for something cheaper that they can afford. Not only did this hurt each individual family, it hurt the economy as a whole. People who still have their houses and can afford them are losing money on them because the value of their houses has dropped due to the other houses in their neighborhood sitting empty.
A while later Jurgis and his family were amazed with the idea of buying a house. Jokuba suggested them to rent a space in a boarding house but the place was very filthy without any accommodations. Rooms were crowed of immigrant families like Jurgis. The space was too small that they could only have a stove and a few mattresses on the floor. Unfortunately, this family was falsely deceived like others immigrants in their arrival.
So many people were placed in houses that were well above their means but because of greed this has caused a lot of people to lose their homes. Lenders should take the proper steps and make sure the person can afford the house they want to purchase to reduce the foreclosure crisis.
Taxpayers in this country facing foreclosure deserve it. There are several different reasons why homeowners fall into foreclosure. Some folks, faced with a home worth less than what they owe, simply walk away with no effort made to repay or to work out a solution. Others had troublesome loans with adjustable interest rates or balloon payments and simply could not keep up with the changing obligation. Still others lost their jobs or had to accept employment at vastly reduced salaries due to the collapse of the building industry and the subsequent decline of the economy.
Walter Lee and Willy Loman are a like because they both want to do good for their family. They want to give their children a life that neither one of them have never had before. Willy Loman was a salesman who use to go out on trips until he last one, because he nearly crashed several times. Since Willy no longer can go out on trips he decides to get a job in town. Before he starts the job his condition gets worse as time progresses.
This mindset needs to be changed in our society because it is a stressful and deceptive way of life. Without much knowledge the public is preyed upon by those getting rich on the interest paid, along with late fees and other fines. Then, besides the mandatory modification the homeowners with a loan problem should also be given government tax incentives, credits and other incentives to stay in the home for an extended length of time. There is no short term fix for all of this of course, but I have made the proper suggestions to do away with all the brown front lawns void of Christmas decorations this year. One of them belonged to my now displaced family and the hardship is one reason I am seeking money for my education.