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it is saying if you can not afford at least the quart forget about the gallon. you think magically if you had a house you will be financially oky and thats poor logic.
you get the house when you are already financially okay. many of those foreclosures out there are because of the thinking you have.
By my calculations, not being able to buy means paying more and getting less housing than someone who can and does buy.
How does that make sense and can you see why I might object to it?
Also, at a number of times I have paid more than half my income on rent, with 73% the max. By what rational standard am I unable to afford a house payment 35% of my income?
Owning your home is a crucial retirement tool for millions of low income Americans; for many it makes the difference between being able to enjoy a modest retirement lifestyle and never being able to retire.
Half of all low-income renters spend at least half their income on shelter; these are people who can't afford to retire.
NOW can you see where owning your home with a paid-off mortgage is a retirement tool for low earners?
Well, just think how we feel today after moving overseas with a low cost of living at an American modern lifestyle, our home here is paid off and we only spend 40% of my retirement pension, while 60% is all extra cash which goes into our nest egg for unexpected emergencies and or other contingencies!
Life is good when a plan comes together or when it just falls into place on it's own at the right time!
By my calculations, not being able to buy means paying more and getting less housing than someone who can and does buy.
How does that make sense and can you see why I might object to it?
Also, at a number of times I have paid more than half my income on rent, with 73% the max. By what rational standard am I unable to afford a house payment 35% of my income?
we told you you cant. i think we had enough of tales of poor freemkt. its your predicament, your life and you have to either solve your money issues or crash and burn. it makes no sense to talk about homeownership on your burger flipper income.
there are those making more then you that can not afford to buy a home so why should some tax payer sponsered program buy you one?
we told you you cant. i think we had enough of tales of poor freemkt. its your predicament, your life and you have to either solve your money issues or crash and burn. it makes no sense to talk about homeownership on your burger flipper income.
there are those making more then you that can not afford to buy a home so why should some tax payer sponsered program buy you one?
No need for taxpayer sponsored program, just let the private sector build and sell microproperties. The guest house I tried to buy would have cost $40,000 - do you think I can't afford a $40K house?
But I don't see how I can afford 50% or 73% of my income for rent but not 35% for a mortgage payment?
If you are in good health and are passionate about your career why would you retire, ever? I do not see the point, other than to waste away your final years(decades) being bored and unfulfilled. I will retire when I am too sick (or senile) to work.
No need for taxpayer sponsored program, just let the private sector build and sell microproperties. The guest house I tried to buy would have cost $40,000 - do you think I can't afford a $40K house?
But I don't see how I can afford 50% or 73% of my income for rent but not 35% for a mortgage payment?
but why should you even get that opportunity to buy a house below fair market price ? because you failed financially.
If you are in good health and are passionate about your career why would you retire, ever? I do not see the point, other than to waste away your final years(decades) being bored and unfulfilled. I will retire when I am too sick (or senile) to work.
So you think it makes more sense to pay half your income on rent in old age than to live for close to nothing in a paid-off home?
It doesn't make sense for anyone to pay half their income on housing.
Silly that you think it might.
BTW - are you a homeowner with a paid-off mortgage?
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