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Kame House
Bit of a housing rant
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<blockquote data-quote="Beerus" data-source="post: 27583" data-attributes="member: 1"><p>Yeah, that is the thing too... Banks will often give people loans they know they will struggle with. If you want to be realistic and not struggle at all, you add two zeros to two weeks pay and that is the max you can afford in most cases. So like if you make $2,000 every two weeks, you can afford a 200k house without struggling. There is wiggle room of course depending on kids, pets, and other expenses but for most people, that is the reality. A lot of people will be making 2k a month and getting a mortgage for a 220k house.</p></blockquote><p></p>
[QUOTE="Beerus, post: 27583, member: 1"] Yeah, that is the thing too... Banks will often give people loans they know they will struggle with. If you want to be realistic and not struggle at all, you add two zeros to two weeks pay and that is the max you can afford in most cases. So like if you make $2,000 every two weeks, you can afford a 200k house without struggling. There is wiggle room of course depending on kids, pets, and other expenses but for most people, that is the reality. A lot of people will be making 2k a month and getting a mortgage for a 220k house. [/QUOTE]
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Bit of a housing rant
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