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  • This topic has 90 replies, 13 voices, and was last updated 15 years ago by HLS.
Viewing 15 posts - 46 through 60 (of 91 total)
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  • Author
    Posts
  • December 1, 2009 at 5:28 PM #489031
    Arraya
    Participant

    Fannie’s defaults have gone parabolic, it’s about time.

    December 1, 2009 at 5:54 PM #489904
    patb
    Participant

    I’ve seen a lot of properties that go UC
    then implode.

    I suspect that the banks aren’t writing new mortgages
    unless they are just darned sure they are
    going to get paid off.

    December 1, 2009 at 5:54 PM #489673
    patb
    Participant

    I’ve seen a lot of properties that go UC
    then implode.

    I suspect that the banks aren’t writing new mortgages
    unless they are just darned sure they are
    going to get paid off.

    December 1, 2009 at 5:54 PM #489036
    patb
    Participant

    I’ve seen a lot of properties that go UC
    then implode.

    I suspect that the banks aren’t writing new mortgages
    unless they are just darned sure they are
    going to get paid off.

    December 1, 2009 at 5:54 PM #489202
    patb
    Participant

    I’ve seen a lot of properties that go UC
    then implode.

    I suspect that the banks aren’t writing new mortgages
    unless they are just darned sure they are
    going to get paid off.

    December 1, 2009 at 5:54 PM #489586
    patb
    Participant

    I’ve seen a lot of properties that go UC
    then implode.

    I suspect that the banks aren’t writing new mortgages
    unless they are just darned sure they are
    going to get paid off.

    December 2, 2009 at 4:48 PM #489742
    jameswenn
    Participant

    [quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

    25% taxes
    35% savings
    15% rent
    25% other expenses

    Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

    If you use that break down, once you go to 50% (35% savings + 15% rent) for a home payment, you don’t have any savings, i think 35% for housing is a safer number

    December 2, 2009 at 4:48 PM #490444
    jameswenn
    Participant

    [quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

    25% taxes
    35% savings
    15% rent
    25% other expenses

    Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

    If you use that break down, once you go to 50% (35% savings + 15% rent) for a home payment, you don’t have any savings, i think 35% for housing is a safer number

    December 2, 2009 at 4:48 PM #490125
    jameswenn
    Participant

    [quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

    25% taxes
    35% savings
    15% rent
    25% other expenses

    Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

    If you use that break down, once you go to 50% (35% savings + 15% rent) for a home payment, you don’t have any savings, i think 35% for housing is a safer number

    December 2, 2009 at 4:48 PM #490213
    jameswenn
    Participant

    [quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

    25% taxes
    35% savings
    15% rent
    25% other expenses

    Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

    If you use that break down, once you go to 50% (35% savings + 15% rent) for a home payment, you don’t have any savings, i think 35% for housing is a safer number

    December 2, 2009 at 4:48 PM #489575
    jameswenn
    Participant

    [quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

    25% taxes
    35% savings
    15% rent
    25% other expenses

    Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

    If you use that break down, once you go to 50% (35% savings + 15% rent) for a home payment, you don’t have any savings, i think 35% for housing is a safer number

    December 2, 2009 at 5:15 PM #490130
    (former)FormerSanDiegan
    Participant

    [quote=jameswenn][quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

    25% taxes
    35% savings
    15% rent
    25% other expenses

    Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

    If you use that break down, once you go to 50% (35% savings + 15% rent) for a home payment, you don’t have any savings, i think 35% for housing is a safer number[/quote]

    But you forgot taxes. Your taxes will be reduced in that scenario, so it might be more like …

    20 % taxes
    10% savings
    50% Housing
    25% other expenses

    Though I would not advocate spending that much on housing.

    December 2, 2009 at 5:15 PM #489747
    (former)FormerSanDiegan
    Participant

    [quote=jameswenn][quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

    25% taxes
    35% savings
    15% rent
    25% other expenses

    Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

    If you use that break down, once you go to 50% (35% savings + 15% rent) for a home payment, you don’t have any savings, i think 35% for housing is a safer number[/quote]

    But you forgot taxes. Your taxes will be reduced in that scenario, so it might be more like …

    20 % taxes
    10% savings
    50% Housing
    25% other expenses

    Though I would not advocate spending that much on housing.

    December 2, 2009 at 5:15 PM #490449
    (former)FormerSanDiegan
    Participant

    [quote=jameswenn][quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

    25% taxes
    35% savings
    15% rent
    25% other expenses

    Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

    If you use that break down, once you go to 50% (35% savings + 15% rent) for a home payment, you don’t have any savings, i think 35% for housing is a safer number[/quote]

    But you forgot taxes. Your taxes will be reduced in that scenario, so it might be more like …

    20 % taxes
    10% savings
    50% Housing
    25% other expenses

    Though I would not advocate spending that much on housing.

    December 2, 2009 at 5:15 PM #490218
    (former)FormerSanDiegan
    Participant

    [quote=jameswenn][quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

    25% taxes
    35% savings
    15% rent
    25% other expenses

    Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

    If you use that break down, once you go to 50% (35% savings + 15% rent) for a home payment, you don’t have any savings, i think 35% for housing is a safer number[/quote]

    But you forgot taxes. Your taxes will be reduced in that scenario, so it might be more like …

    20 % taxes
    10% savings
    50% Housing
    25% other expenses

    Though I would not advocate spending that much on housing.

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