Jim TV Bottom-ish??
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What's up with the clean-room style tile?
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400,000 for this wow in my area a home exactly like this Is selling for around 250,000 and with a pool and better upgrades
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Ok, I assumed some ($100-150K?) down payment... and a 20 year loan
and don't forget that we're talking about family income
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$400k isn't affordable for "the middle class". Your payment (before taxes, HOA fees, and insurance) would be about $2,100 a month. Factoring in those, the payment would probably be about $3k. You should pay less than one third your income on your house. So, you would have to make $9,000 a month, or $108,000 a year for $400,000 to really be affordable. $108k a year is a lot more than what your typical "middle class" person makes.
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Why not? It's free money-he paid off the first loan, had more than a hundred grand left over, then stopped paying the second mortgage. Net result-free rent for three years plus a big ol' pile of cash for the cost of nothing except a ruined credit score.
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Why the heck did he refinance for so much more?
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41 offers! Yikes!
How many of those are cash offers?
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it's really nice and $400-500K is quite affordable for the middle class
if both the price and the property is right, you'll always get many offers, I guess
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bigcuy41 2 years ago 5
This one actually looks good and livable compared to some of the prior bank REOs.
dko02 2 years ago 4