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Why do they use gross monthly

Posted on 7/8/12 at 11:10 pm
Posted by LordSnow
Your Mom's House
Member since May 2011
5527 posts
Posted on 7/8/12 at 11:10 pm
Income for mortgage amounts?

Edited to not be attention whore
This post was edited on 7/9/12 at 1:12 am
Posted by nolanola
Member since Nov 2010
7583 posts
Posted on 7/8/12 at 11:11 pm to
I wish we had a money board.
Posted by Johnny3tears
Somewhere in La
Member since Jan 2012
2815 posts
Posted on 7/8/12 at 11:13 pm to
We have a money board?
Posted by Doosh606
The DC
Member since Apr 2008
3232 posts
Posted on 7/8/12 at 11:14 pm to
This is totally not a cry for attention
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 7/8/12 at 11:15 pm to
That way dumbasses buy houses that can't afford and they all default and we go into a massive recession.......


oh wait....
Posted by GregMaddux
LSU Fan
Member since Jun 2011
18216 posts
Posted on 7/8/12 at 11:15 pm to
It's so ignorant 20-something plant operators buy shite they cant afford and remain in debt the rest of their lives while the man makes money from it.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 7/8/12 at 11:15 pm to
monay monay monay....MONAY
Posted by nolanola
Member since Nov 2010
7583 posts
Posted on 7/8/12 at 11:16 pm to
quote:

It's so ignorant 20-something plant operators buy shite they cant afford and remain in debt the rest of their lives while the man makes money from it.



You just angered more than a few people here.
Posted by nola tiger lsu
Member since Nov 2007
5314 posts
Posted on 7/8/12 at 11:17 pm to
quote:

he sold it to D&D. there's another partner but he's not a D so it couldn't work. I think he still owns the building on Government though.


Exactly... This is a "look at me I'm awesome!" thread.

No one cares what you can afford.
Posted by WavinWilly
Wavin Away in Sharlo
Member since Oct 2010
8783 posts
Posted on 7/8/12 at 11:17 pm to
All I know is you are supposed to keep your debt to income ratio below 30% or something like that.

If you house note is 30% (or less) of your monthly income, you probably are good to go.
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
63492 posts
Posted on 7/8/12 at 11:18 pm to
Per your request, I looked at you.
Posted by nolanola
Member since Nov 2010
7583 posts
Posted on 7/8/12 at 11:19 pm to
quote:

nola tiger lsu


Quote fail, wrong thread bro:

quote:

quote:
he sold it to D&D. there's another partner but he's not a D so it couldn't work. I think he still owns the building on Government though.



This post was edited on 7/8/12 at 11:19 pm
Posted by GregMaddux
LSU Fan
Member since Jun 2011
18216 posts
Posted on 7/8/12 at 11:19 pm to
How does that even happen?
Posted by brettd
Member since Mar 2012
1614 posts
Posted on 7/8/12 at 11:20 pm to
Y you gotta pick on operators brah?
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26582 posts
Posted on 7/8/12 at 11:24 pm to
Because they all make 6 figures
Posted by brettd
Member since Mar 2012
1614 posts
Posted on 7/8/12 at 11:57 pm to
FWIW Most of the people I work with are kinda cheap.
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92876 posts
Posted on 7/9/12 at 12:01 am to
quote:

Income for mortgage amounts? This stupid calc says I can afford a 700k house. While I am OT rich I think this is way high. Why do they use this amount?


The real answer is because most cheat on their taxes, or at least write-off more than they should, so if they used net income no one would qualify. If nobody qualified the bank wouldn't make any money.
Posted by BRhuskyfan80
Baton Rouge
Member since Dec 2011
2915 posts
Posted on 7/9/12 at 12:04 am to
quote:

This stupid calc says I can afford a 700k house.


Nice brag post.
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 7/9/12 at 12:07 am to
quote:

FWIW Most of the people I work with are kinda cheap.


Most of the ops i know are cheap asses, except buy the most expensive vehicles they can. can't wrap my head around it.
Posted by Zantrix
Parts Unknown
Member since Nov 2009
7940 posts
Posted on 7/9/12 at 12:09 am to
Cock and balls. I'm not OT rich compared to this guy with my truck driver salary. Damn it.
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