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re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home

Posted on 10/18/23 at 11:49 am to
Posted by Asharad
Tiamat
Member since Dec 2010
5829 posts
Posted on 10/18/23 at 11:49 am to
quote:

Now imagine a normal American

am I not one? I lived in a trailer for 6 years. I couldn't afford house mortgage until my 2nd child was born.

You claim to live frugally, but look down your nose at a mobile home. You clearly expect too much for your income.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
8821 posts
Posted on 10/18/23 at 11:53 am to
quote:

am I not one? I lived in a trailer for 6 years. I couldn't afford house mortgage until my 2nd child was born.

You claim to live frugally, but look down your nose at a mobile home. You clearly expect too much for your income.



Mobile homes are only a marginally viable option. Most counties restrict them severely making them unaffordable and if you put one in a park your lot rent is going to sky rocket after the first 12 month lease forcing you to sell at a loss. Rvs are quickly going the same route.
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