[quote=sdrealtor]I really need to dispel the nonsense of this post. It is a widely inaccurate broad assumption. Time to bring the DATA!
-snip-
This is not some DZ hyperbole. THIS IS FACTUAL DATA![/quote]
Lol!!
I’m sure if I subscribed to this same service, I might find out that over 50% of homeowners in my census tract don’t have a mortgage, and among those that do, a very large percentage have a remaining balance of under $30K.
edit: Yes, and for the ones that still owe $30K, their PITI of $631 mo may VERY WELL be >=30% of their income!
