Freddie Mac is actually gambling against, yet others, Jay and you can Bonnie Silverstein. The fresh Silversteins are now living in an incomplete growth of cul-de-sacs and you will red-colored stucco property from the 20 miles northern off Philadelphia, during the a house decorated which have Bonnie’s orchids in addition to their Rose Bowl procession pin collection. The brand new creator went broke, making orange vinyl build fencing as much as particular empty lots. The community clubhouse isn’t really over.

This new Silversteins enjoys a thirty-year repaired mortgage with an intention speed away from 6.875 %, much higher as compared to supposed rates out-of lower than cuatro %. He has got lent from relatives and they are traditions income so you’re able to income. When they you will refinance, they’d save your self regarding $five-hundred 1 month. According to him the extra money do enable them to pay off certain of its nearest and dearest and you will visit the grandkids more frequently.

The fresh Silversteins always live-in a much bigger household ten minutes from their latest put, in a more upscale advancement. They had always wished to downsize as they contacted old-age. 続きを読む →