Solving The Foreclosure Crisis For Hispanic Speakers

1097 words - 4 pages

Today’s everyday life is easier than before. Not until the unemployment rate went down and people started losing their job. What does it have to do with mortgage crisis, well if people have a job, we would not be in this situation right now facing mortgage crisis. What should we do with this problem solution, get loan aid, non English speakers focus?
Having loan in hand its nice, however; can the house buyers afford the mortgage. There are many kind of loans out there but they are high and even sometimes they bill their customers twice or making their payment high. According to David M. Petrovich “United States is increasingly difficult to believe in the guarantees of life, liberty and the pursuit of happiness as the American Dreams of homeownership evaporates along with job, retirement savings, college funds and home equity”. So what about the American dreams, are we just letting it go down or we just sit there and not take action. What kind of action should we take, the government help. “Last September’s TARP giveaway of $350 billion to both healthy and troubled banks did nothing to stop the dual downward spiral of foreclosure”. As we can see the government helps banks and big corporation such as Chrysler car dealer. Let’s do something about it now and tell the government that we need money for the American homeowner because we do not want the American dream to go down. As we know president Barack Obama is working on some issues such as health reform; can the mortgage be one of them too. We do not want to lose our home. This is not great depression, everything is possible as long as we speak up. On the other hand is the unemployment there is hard to find a job, this is like any other business, we need help from the government to create job for people so they can afford a good living and maybe by buying his/her first home, if people do that we will no longer face mortgage crisis. Again we just need to speak up and tell the president that we need this since the president said “American needs a change”, that change is now because we are facing crisis.
On the other hand is to focus on non English speakers, what does it this have to do with the foreclosure, as we can see any people that are not from the U.S, their dream is to live the “American Dream”, by owning their first house. If we look at it where all these people come from, the answers are all over the world. The right people come all over the world to live here in the U.S and they want to buy their own house. As we know the growing population in the U.S is the Hispanic people or community and also the Hispanic immigrants. “For years, immigrants to the U.S have viewed buying a home is the ultimate benchmark of success. Between 2000 and 2007, as the Hispanic population increased, Hispanic homeownership grew even faster, increasing by 47 percents to 6.1 million, according to the U.S Census Bureau. After looking at the numbers turned out to be higher than other population in the United...

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