$14,000 per year field worker buys $720,000 home

Quote from NasdaqTrader:

So with 14k income/year, how much house can he afford to buy using the 1/3 income for housing. I'm guessing around a 60k house. 60k in California won't get you a cracker jack box.
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Rent.
 
I am outraged! Shocked and appalled! This non-english speaking fuck makes 14K a year. The prick is overpayed. No sympathy! Send him back where he came from, in a f'n cattle car for all I care.
 
Quote from CaptainObvious:

I am outraged! Shocked and appalled! This non-english speaking fuck makes 14K a year. The prick is overpayed. No sympathy! Send him back where he came from, in a f'n cattle car for all I care.
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Beat me to it ! LOL
 
'60k in California won't get you a cracker jack box.'

in that case learn to read and write english and move to some other spanish heavy states like arizona or texas..........or is it that babes in CA are bit too hot! :D :D :D :D :D :D
 
How in the world did he get approved????

Is it common for someone to be able to qualify for that high of a loan ammount on such a small income?

My wife and I have a combined income of $180k and have a $289k mortgage and I feel like that is about as high as I would be comfortable with.

I just can't imagine buying a $700k house with a low income. That take a lot of balls, IMO.
 
Quote from Ivanovich:

No sympathy here. If some moron does something like that, they deserve what happens.

I make about 200k a year. You won't see me buying a 10 million dollar home any time soon. Why?

Because I have a fucking brain.

These people pop up on the news every now and then, and the media always paints them as victims. I'm sick of it.

And this:



Then learn English, moron! If I go to try to get a loan in Brazil, do I get to go in there and complain I don't speak the language?
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there is first time for everything. i agree with you.
when these people get bailed out by congress, this will be part of the continuing pattern th of the US sliding into a banana republic.
 
Quote from clacy:

How in the world did he get approved????

Is it common for someone to be able to qualify for that high of a loan ammount on such a small income?

My wife and I have a combined income of $180k and have a $289k mortgage and I feel like that is about as high as I would be comfortable with.

I just can't imagine buying a $700k house with a low income. That take a lot of balls, IMO.
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no it doesn't take any balls.
what does he have to lose?
it sounds like a very rational economic decision.
please explain.
 
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