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re: House = (x)household income
Posted on 8/10/15 at 6:56 pm to lsupride87
Posted on 8/10/15 at 6:56 pm to lsupride87
The 9% of net is OT level insanity.
I'm at 18% of gross and I often think I overspent (I'm paranoid and I have lumpy cash flows). I bought at about 2.4x annual comp, but was approved for nearly 4x. I can't imagine what would have happened if I would have used all that rope to hang myself.
I'm at 18% of gross and I often think I overspent (I'm paranoid and I have lumpy cash flows). I bought at about 2.4x annual comp, but was approved for nearly 4x. I can't imagine what would have happened if I would have used all that rope to hang myself.
3
Posted on 8/10/15 at 7:06 pm to TheHiddenFlask
quote:
I can't imagine what would have happened if I would have used all that rope to hang myself.
Same thing happens with CC limits. It's as if they are naive or arrogant enough to assume you will pay them first before all other creditors.
Posted on 8/10/15 at 7:47 pm to TheHiddenFlask
quote:
. I can't imagine what would have happened if I would have used all that rope to hang myself.
I told the bank my wife was quitting work, and I don't think they even cared our HH income was about to go down. They looked at our tax returns, and tried to hand me the keys to a McMansion.
Posted on 8/10/15 at 9:02 pm to TheHiddenFlask
I agree 9% is insane. Apartments near me (downtown Denver) are ~$1,800 for a one bedroom. This Hawkeye guy must be balling out or living off of Colfax.
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