Anyone else see problems here? $30,000 income buys $316,000 house?

[Aecetia]

To Blas Vazquez Jr. on April 11, 2008: I think many of the people find your father’s story inspirational. The problem they are having is that whatever agency assisted him in this purchase greatly underestimated the trajectory of the market downward which caused him to overpay for the house. Maybe the same agency who helped him buy the house can either help him refinance his purchase or get it reassessed. I do not think they meant to defame him for his work ethic or his ethnicity. There are plenty of self-made men and women on Piggington’s who believe in the American dream, as you obviously do.

[Aecetia]

To Blas Vazquez Jr. on April 11, 2008: I think many of the people find your father’s story inspirational. The problem they are having is that whatever agency assisted him in this purchase greatly underestimated the trajectory of the market downward which caused him to overpay for the house. Maybe the same agency who helped him buy the house can either help him refinance his purchase or get it reassessed. I do not think they meant to defame him for his work ethic or his ethnicity. There are plenty of self-made men and women on Piggington’s who believe in the American dream, as you obviously do.

[Aecetia]

To Blas Vazquez Jr. on April 11, 2008: I think many of the people find your father’s story inspirational. The problem they are having is that whatever agency assisted him in this purchase greatly underestimated the trajectory of the market downward which caused him to overpay for the house. Maybe the same agency who helped him buy the house can either help him refinance his purchase or get it reassessed. I do not think they meant to defame him for his work ethic or his ethnicity. There are plenty of self-made men and women on Piggington’s who believe in the American dream, as you obviously do.

[ocrenter]

Blas Vazquez Jr,

we blame the agency involved, not your father. your father works hard and he deserves much better advice than the one that was given.

unfortunately, Community Housing Works, in its attempt to “do good” ended up doing harm to your father and to the general taxpayer. It ended up harming your father by helping him into a home that unfortunately has lost another $100k in value since his purchase back in October. In the meantime, it wasted valuable tax money doing so.

you see, Jr, back in October it was painfully obvious to everyone that knows the housing market (and as an agency that’s involved in housing CHW should have known this) that housing value was going to continue to decline. do you know there’s a 822 sqft house on Fairmont street in the same neighborhood as your father’s home that is now selling for $190,000? how nice would it be for your father to have $115,000 less in mortgage burden to worry about.

[ocrenter]

Blas Vazquez Jr,

we blame the agency involved, not your father. your father works hard and he deserves much better advice than the one that was given.

unfortunately, Community Housing Works, in its attempt to “do good” ended up doing harm to your father and to the general taxpayer. It ended up harming your father by helping him into a home that unfortunately has lost another $100k in value since his purchase back in October. In the meantime, it wasted valuable tax money doing so.

you see, Jr, back in October it was painfully obvious to everyone that knows the housing market (and as an agency that’s involved in housing CHW should have known this) that housing value was going to continue to decline. do you know there’s a 822 sqft house on Fairmont street in the same neighborhood as your father’s home that is now selling for $190,000? how nice would it be for your father to have $115,000 less in mortgage burden to worry about.

[ocrenter]

Blas Vazquez Jr,

we blame the agency involved, not your father. your father works hard and he deserves much better advice than the one that was given.

unfortunately, Community Housing Works, in its attempt to “do good” ended up doing harm to your father and to the general taxpayer. It ended up harming your father by helping him into a home that unfortunately has lost another $100k in value since his purchase back in October. In the meantime, it wasted valuable tax money doing so.

you see, Jr, back in October it was painfully obvious to everyone that knows the housing market (and as an agency that’s involved in housing CHW should have known this) that housing value was going to continue to decline. do you know there’s a 822 sqft house on Fairmont street in the same neighborhood as your father’s home that is now selling for $190,000? how nice would it be for your father to have $115,000 less in mortgage burden to worry about.

[ocrenter]

Blas Vazquez Jr,

we blame the agency involved, not your father. your father works hard and he deserves much better advice than the one that was given.

unfortunately, Community Housing Works, in its attempt to “do good” ended up doing harm to your father and to the general taxpayer. It ended up harming your father by helping him into a home that unfortunately has lost another $100k in value since his purchase back in October. In the meantime, it wasted valuable tax money doing so.

you see, Jr, back in October it was painfully obvious to everyone that knows the housing market (and as an agency that’s involved in housing CHW should have known this) that housing value was going to continue to decline. do you know there’s a 822 sqft house on Fairmont street in the same neighborhood as your father’s home that is now selling for $190,000? how nice would it be for your father to have $115,000 less in mortgage burden to worry about.

[ocrenter]

Blas Vazquez Jr,

we blame the agency involved, not your father. your father works hard and he deserves much better advice than the one that was given.

unfortunately, Community Housing Works, in its attempt to “do good” ended up doing harm to your father and to the general taxpayer. It ended up harming your father by helping him into a home that unfortunately has lost another $100k in value since his purchase back in October. In the meantime, it wasted valuable tax money doing so.

you see, Jr, back in October it was painfully obvious to everyone that knows the housing market (and as an agency that’s involved in housing CHW should have known this) that housing value was going to continue to decline. do you know there’s a 822 sqft house on Fairmont street in the same neighborhood as your father’s home that is now selling for $190,000? how nice would it be for your father to have $115,000 less in mortgage burden to worry about.

[waiting hawk]

“How can this Land be considered a great nation in which it stands? How would it be with Liberty and Justice for all if not everyone is given equal possibilities in life?”

Owning a home is not a god given right. Liberty and justice for all does not mean to go buy a house you SHOULD know you can’t afford. Next time be smarter is the only advice I can really give to people that just cannot calculate simple math. We all been here for almost 3 years. To bad people were not smart enough to find us before they made horrible mistakes.

Btw pigs, I’m ~90k off from buying my house. They were 7-800k range and now high 4’s 😉 (at least some good news ey)
Lastly you have to check out this awesome awesome guy playing guitar:

[waiting hawk]

“How can this Land be considered a great nation in which it stands? How would it be with Liberty and Justice for all if not everyone is given equal possibilities in life?”

Owning a home is not a god given right. Liberty and justice for all does not mean to go buy a house you SHOULD know you can’t afford. Next time be smarter is the only advice I can really give to people that just cannot calculate simple math. We all been here for almost 3 years. To bad people were not smart enough to find us before they made horrible mistakes.

Btw pigs, I’m ~90k off from buying my house. They were 7-800k range and now high 4’s 😉 (at least some good news ey)
Lastly you have to check out this awesome awesome guy playing guitar:

[waiting hawk]

“How can this Land be considered a great nation in which it stands? How would it be with Liberty and Justice for all if not everyone is given equal possibilities in life?”

Owning a home is not a god given right. Liberty and justice for all does not mean to go buy a house you SHOULD know you can’t afford. Next time be smarter is the only advice I can really give to people that just cannot calculate simple math. We all been here for almost 3 years. To bad people were not smart enough to find us before they made horrible mistakes.

Btw pigs, I’m ~90k off from buying my house. They were 7-800k range and now high 4’s 😉 (at least some good news ey)
Lastly you have to check out this awesome awesome guy playing guitar:

[waiting hawk]

“How can this Land be considered a great nation in which it stands? How would it be with Liberty and Justice for all if not everyone is given equal possibilities in life?”

Owning a home is not a god given right. Liberty and justice for all does not mean to go buy a house you SHOULD know you can’t afford. Next time be smarter is the only advice I can really give to people that just cannot calculate simple math. We all been here for almost 3 years. To bad people were not smart enough to find us before they made horrible mistakes.

Btw pigs, I’m ~90k off from buying my house. They were 7-800k range and now high 4’s 😉 (at least some good news ey)
Lastly you have to check out this awesome awesome guy playing guitar:

[waiting hawk]

“How can this Land be considered a great nation in which it stands? How would it be with Liberty and Justice for all if not everyone is given equal possibilities in life?”

Owning a home is not a god given right. Liberty and justice for all does not mean to go buy a house you SHOULD know you can’t afford. Next time be smarter is the only advice I can really give to people that just cannot calculate simple math. We all been here for almost 3 years. To bad people were not smart enough to find us before they made horrible mistakes.

Btw pigs, I’m ~90k off from buying my house. They were 7-800k range and now high 4’s 😉 (at least some good news ey)
Lastly you have to check out this awesome awesome guy playing guitar:

[CA renter]

True affordability comes in the form of lower prices, not gimmicky mortgages or public grants which actually serve to keep prices high and entirely UN-affordable.

The very best thing that could happen to “poor people” is massive deflation of housing prices that leave enough money (after paying for housing costs) to allocate toward education, retirement funding and (gasp!) discretionary income.

A primary house is an EXPENSE, it is not “The American Dream.” The American Dream is the ability to improve one’s lot in life and end up in a better situation than where you started.

I’m a liberal, economically-speaking, and am totally opposed to anything that serves to prop up prices so they remain unaffordable to the working class.

[CA renter]

True affordability comes in the form of lower prices, not gimmicky mortgages or public grants which actually serve to keep prices high and entirely UN-affordable.

The very best thing that could happen to “poor people” is massive deflation of housing prices that leave enough money (after paying for housing costs) to allocate toward education, retirement funding and (gasp!) discretionary income.

A primary house is an EXPENSE, it is not “The American Dream.” The American Dream is the ability to improve one’s lot in life and end up in a better situation than where you started.

I’m a liberal, economically-speaking, and am totally opposed to anything that serves to prop up prices so they remain unaffordable to the working class.

[Author]

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