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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: J. P. who wrote (5430)	9/19/2002 12:10:48 PM
From: SouthFloridaGuy	Respond to of 306849

"You done need no steenking credit"

To: J. P. who wrote (5430)	9/19/2002 12:17:09 PM
From: fatty	Read Replies (2) \| Respond to of 306849

>I guess the old standard of 25% of your gross was an outdated idea and we're in a new paradigm. Now it's okay to use 50% and more of your gross and put 0 to 5% down. With all these dirty cheap products available from walmart, kmart, target etc. It is actually possible to use 50% of your income for mortgage and still live a passable life. My biggest complain is that while everything else in life is getting cheaper (relative to income), real estate isn't. We don't have shortage of land in the US. We don't have unmanageable population growth. It's one big conspiracy to get everyone on debt so that we will have to keep working. Keep the economy engine running, so to speak. American style communism, as my great auntie would say.