The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BWAC who wrote (27793)	3/5/2005 4:45:23 AM
From: Amy J	Read Replies (1) of 306849

BWAC, They consider 33k salary adequate for a 260k mortgage? tinyurl.com Loan $264,000, 5.5 %, 30 years, Monthly Payment = $1,498 payroll-taxes.com Net Pay = $1,759.46, assuming 401K is 15% 1759 - 1498 = $261/mo. The government sponsors a program that encourages consumers to have only $261/mo to live on? $261/mo would not pay for health insurance, food, electricity/heat, and a bus pass. And where's the rainy day 5% savings? What happens when their roof needs repairing? If this is the new "Ownership Society", it sounds similar to Britain's serfs, but where the owner is the corporate bank. Regards, Amy J

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next