BE ABLE TO BUY A HOUSE THAT COST THEM SAME AS THERE ANNUAL INCOME?!DO YOU AGREE?
Asked by Anonymous at 9:43 AM on Apr. 28, 2009 in Just for Fun
Answer by VeronicaLee at 9:46 AM on Apr. 28, 2009
Answer by brailynsmama08 at 9:47 AM on Apr. 28, 2009
PEOPLE GET IN OVER THERE HEADS ,AND THINK THEY CAN GET ANYTHING AND EVERYTHING THEY WANT .....AND PEOPLE WHO ONLY MAKE 20,000 DOLLARS A YEAR CAN BUY A TRAILER AND A NICE ONE AT THAT! WERE NOT PAYING THE BILL , BUT NEITHER ARE THEY , THAT'S WHY WE HAVE SO MANY FORECLOSED HOMES ...BECAUSE PEOPLE GOT IN OVER THERE HEADS!
Answer by ELIZABETHSMO902 at 9:56 AM on Apr. 28, 2009
Answer by justanotherjen at 10:00 AM on Apr. 28, 2009
I thought it was like 30% of your total income. I don't think if more than 30% of your total income goes to your mortgage that they will even let you get the loan for the house. I know they did and those why so many homes went into foreclosure and the economy is total shit.
Answer by legalmommy101 at 10:01 AM on Apr. 28, 2009
I misread the Question.... I don't know anyone that lives in a house that is the same price as one year's income.
Where I live, $80,000 will only buy you a mobile home on an acre or so of land. An older 3/2 house with a postage stamp piece of property starts at 100k and that is only if it needs a LOT of work to get it fixed back up!
So.... if OP means that the house shouldn't cost more than One Year's income, then NO I don't agree.
Answer by VeronicaLee at 10:06 AM on Apr. 28, 2009
Answer by 4x4mum at 10:16 AM on Apr. 28, 2009
Answer by GMR at 10:19 AM on Apr. 28, 2009
Answer by salexander at 10:19 AM on Apr. 28, 2009
Answer by momofsaee at 10:24 AM on Apr. 28, 2009
Check out some of the top posts today in Groups: