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

[unbiasedobserver]

I remember when I took my first job out of college earning 32,000 my realtor told me the highest price home I could afford with 5% down was 98,000. I found a house I really liked listed at 102,000 and he strongly urged against me buying it (which I did anyway). How times have changed, now the govt of all people encourages people with that income level to buy in the 300,000s. WTF. Our government evidently wants its citizens to be as broke as it is. Shameful.

[unbiasedobserver]

I remember when I took my first job out of college earning 32,000 my realtor told me the highest price home I could afford with 5% down was 98,000. I found a house I really liked listed at 102,000 and he strongly urged against me buying it (which I did anyway). How times have changed, now the govt of all people encourages people with that income level to buy in the 300,000s. WTF. Our government evidently wants its citizens to be as broke as it is. Shameful.

[PorkmanDelardo]

Nice touche on the Porkman. No offense taken, but I got to give credit where credit is due. My moniker is directly related to my desire to eat anything delicious, preferably unhealthy, ie bacon, carnitas, and other lard-laden delicacies. Porkman

[PorkmanDelardo]

Nice touche on the Porkman. No offense taken, but I got to give credit where credit is due. My moniker is directly related to my desire to eat anything delicious, preferably unhealthy, ie bacon, carnitas, and other lard-laden delicacies. Porkman

[PorkmanDelardo]

Nice touche on the Porkman. No offense taken, but I got to give credit where credit is due. My moniker is directly related to my desire to eat anything delicious, preferably unhealthy, ie bacon, carnitas, and other lard-laden delicacies. Porkman

[PorkmanDelardo]

Nice touche on the Porkman. No offense taken, but I got to give credit where credit is due. My moniker is directly related to my desire to eat anything delicious, preferably unhealthy, ie bacon, carnitas, and other lard-laden delicacies. Porkman

[sandiego]

Your nickname explains it all, PORKMAN.

The free market will adjust to allow real buyers the opportunity to buy without needing 50% subsidizes.

[sandiego]

Your nickname explains it all, PORKMAN.

The free market will adjust to allow real buyers the opportunity to buy without needing 50% subsidizes.

[sandiego]

Your nickname explains it all, PORKMAN.

The free market will adjust to allow real buyers the opportunity to buy without needing 50% subsidizes.

[sandiego]

Your nickname explains it all, PORKMAN.

The free market will adjust to allow real buyers the opportunity to buy without needing 50% subsidizes.

[PorkmanDelardo]

FYI, these programs are designed to get people into houses in areas where prices are inflated, artifically or otherwise. Relatively speaking, a person in an area where home prices are moderate (more normally priced) will not have available the moneys/programs that are offered in a state where the cost of living my be higher. I can see that I am not going to sway too many opinions on this website. I feel like a Democrat on a life boat, floating in the Republican Sea of Bushies. Porkman

[PorkmanDelardo]

FYI, these programs are designed to get people into houses in areas where prices are inflated, artifically or otherwise. Relatively speaking, a person in an area where home prices are moderate (more normally priced) will not have available the moneys/programs that are offered in a state where the cost of living my be higher. I can see that I am not going to sway too many opinions on this website. I feel like a Democrat on a life boat, floating in the Republican Sea of Bushies. Porkman

[PorkmanDelardo]

FYI, these programs are designed to get people into houses in areas where prices are inflated, artifically or otherwise. Relatively speaking, a person in an area where home prices are moderate (more normally priced) will not have available the moneys/programs that are offered in a state where the cost of living my be higher. I can see that I am not going to sway too many opinions on this website. I feel like a Democrat on a life boat, floating in the Republican Sea of Bushies. Porkman

[PorkmanDelardo]

FYI, these programs are designed to get people into houses in areas where prices are inflated, artifically or otherwise. Relatively speaking, a person in an area where home prices are moderate (more normally priced) will not have available the moneys/programs that are offered in a state where the cost of living my be higher. I can see that I am not going to sway too many opinions on this website. I feel like a Democrat on a life boat, floating in the Republican Sea of Bushies. Porkman

[Bloat]

You’re not considering:

1. He has 4 kids which means he qualifies for more government benefits paid for by the taxpayer and creates enough exemptions so that he pays zero income taxes but actually gets a credit back.

and

2. His second job as a gardener, which likely produces a qood chunk of unreported income.

Of course he can qualify (at my expense).

[Author]

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