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Old 11-18-2005   #22
AJ
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Join Date: Aug 2003
Location: Crystal, MN
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Re: Is the housing boom over?

Quote:
Originally Posted by Steeltwo
god damn
you guys must make an assload of coin to afford a 180k house.
Depending on credit, rates, and other fun loving house buying ways a house in the $180,000 range can cost you anywhere form $850-$1800 a month. Rates, Credit, Insurance, Down Payment, etc etc, it all plays a part.

If your single, and make 15ish an hour your gonna take home abour $850ish every 2 weeks with normal deductions. With no debt and great credit your gonna have no problem getting a house and giving up half your income to the payment. It's controling that other half that gives people issues in their personal debt management.

It doesn't take much to be able to afford something, it does take work and time to keep being able to afford it and giving those you go to for the $$$ a reason to give keep giving you the dough.
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