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re: House = (x)household income

Posted on 8/10/15 at 7:47 pm to
Posted by dragginass
Member since Jan 2013
2776 posts
Posted on 8/10/15 at 7:47 pm to
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 by barry
Location, Location, Location
Member since Aug 2006
50379 posts
Posted on 8/10/15 at 9:14 pm to
quote:

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.


First house, I was 24, wife 26. We were making ~95k. We got approved for 370k i think.

This was 2006

Now our mortgage payment+ taxes+ insurance is ~10% of gross(2nd house)
This post was edited on 8/10/15 at 9:18 pm
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