Advantages and Disavantages of Buying Affordable Housing for Low Income People

[briansd1]

[quote=Raybyrnes]
Are you going to experience appreciation. NO. The point of these programs are to provide you a place to live, build your credit, save money, then move on and make way for the next family.[/quote]

It depends how soon you plan to move. But isn’t that what renting is all about?

You still have to pay transactions costs when you sell. So if appreciation is not in the cards, that will mean money out of pocket, if you sell too soon.

You cannot rent out the house for income.

[Raybyrnes]

Transaction costs are a consideration. So is the interest rate. Monthly payments are based upon income, as interest rates go up the value of the place actually can go down. But if you are following the intent of the program and can see yourself living there for 5+ years or more it is a great dea for a young family looking to build credit and save up money for a future home purchase.
l

[Raybyrnes]

Transaction costs are a consideration. So is the interest rate. Monthly payments are based upon income, as interest rates go up the value of the place actually can go down. But if you are following the intent of the program and can see yourself living there for 5+ years or more it is a great dea for a young family looking to build credit and save up money for a future home purchase.
l

[Raybyrnes]

Transaction costs are a consideration. So is the interest rate. Monthly payments are based upon income, as interest rates go up the value of the place actually can go down. But if you are following the intent of the program and can see yourself living there for 5+ years or more it is a great dea for a young family looking to build credit and save up money for a future home purchase.
l

[Raybyrnes]

Transaction costs are a consideration. So is the interest rate. Monthly payments are based upon income, as interest rates go up the value of the place actually can go down. But if you are following the intent of the program and can see yourself living there for 5+ years or more it is a great dea for a young family looking to build credit and save up money for a future home purchase.
l

[Raybyrnes]

Transaction costs are a consideration. So is the interest rate. Monthly payments are based upon income, as interest rates go up the value of the place actually can go down. But if you are following the intent of the program and can see yourself living there for 5+ years or more it is a great dea for a young family looking to build credit and save up money for a future home purchase.
l

[jimmyle]

The moderate income requirement for 1 person is $42K to $63K. My sister’s base salary is $52K, however because of overtime, last year her total pay was $65K. Can my sister uses her base salary to qualify? Obviously there is no overtime this year so her take home pay will be her base salary.

[jimmyle]

The moderate income requirement for 1 person is $42K to $63K. My sister’s base salary is $52K, however because of overtime, last year her total pay was $65K. Can my sister uses her base salary to qualify? Obviously there is no overtime this year so her take home pay will be her base salary.

[jimmyle]

The moderate income requirement for 1 person is $42K to $63K. My sister’s base salary is $52K, however because of overtime, last year her total pay was $65K. Can my sister uses her base salary to qualify? Obviously there is no overtime this year so her take home pay will be her base salary.

[jimmyle]

The moderate income requirement for 1 person is $42K to $63K. My sister’s base salary is $52K, however because of overtime, last year her total pay was $65K. Can my sister uses her base salary to qualify? Obviously there is no overtime this year so her take home pay will be her base salary.

[jimmyle]

The moderate income requirement for 1 person is $42K to $63K. My sister’s base salary is $52K, however because of overtime, last year her total pay was $65K. Can my sister uses her base salary to qualify? Obviously there is no overtime this year so her take home pay will be her base salary.

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