Today’s Middle Class

[vizcaya]

I make 90k, and the most comfortable home purchase, without going broke every payday is a $420k home. This involves me putting about %20 percent down. With a mortage loan of $300k at 5.375, my monthly Payment including taxes and insurance is about $2100 a month.

I cannot understand why someone would think they can afford a $600k or even a $400k mortage with only 90k houshold income.

[Arty]

One of my co-workers and his wife make combine income of over 120K. They are living paycheck to paycheck in North Park paying their 4000 dollar a month mortgage on their condo. Small things adds up like day cares for kids (well not so small actually), gasoline, cable, and foods.

[Arty]

One of my co-workers and his wife make combine income of over 120K. They are living paycheck to paycheck in North Park paying their 4000 dollar a month mortgage on their condo. Small things adds up like day cares for kids (well not so small actually), gasoline, cable, and foods.

[Arty]

One of my co-workers and his wife make combine income of over 120K. They are living paycheck to paycheck in North Park paying their 4000 dollar a month mortgage on their condo. Small things adds up like day cares for kids (well not so small actually), gasoline, cable, and foods.

[Arty]

One of my co-workers and his wife make combine income of over 120K. They are living paycheck to paycheck in North Park paying their 4000 dollar a month mortgage on their condo. Small things adds up like day cares for kids (well not so small actually), gasoline, cable, and foods.

[Arty]

One of my co-workers and his wife make combine income of over 120K. They are living paycheck to paycheck in North Park paying their 4000 dollar a month mortgage on their condo. Small things adds up like day cares for kids (well not so small actually), gasoline, cable, and foods.

[JerseyGrl]

Toots

I know what people think they can afford, but my question is
who is getting mortgages these days? I understand there are people who have saved for several years and can make a sizeable downpayment but I don’t think they make up the majority of home buyers.

What are lenders lending to folks in the “middle class”? I still see houses being purchased here in North Park for well above 600K. Has it become an “upper class” neighborhod?

[JerseyGrl]

Toots

I know what people think they can afford, but my question is
who is getting mortgages these days? I understand there are people who have saved for several years and can make a sizeable downpayment but I don’t think they make up the majority of home buyers.

What are lenders lending to folks in the “middle class”? I still see houses being purchased here in North Park for well above 600K. Has it become an “upper class” neighborhod?

[JerseyGrl]

Toots

I know what people think they can afford, but my question is
who is getting mortgages these days? I understand there are people who have saved for several years and can make a sizeable downpayment but I don’t think they make up the majority of home buyers.

What are lenders lending to folks in the “middle class”? I still see houses being purchased here in North Park for well above 600K. Has it become an “upper class” neighborhod?

[JerseyGrl]

Toots

I know what people think they can afford, but my question is
who is getting mortgages these days? I understand there are people who have saved for several years and can make a sizeable downpayment but I don’t think they make up the majority of home buyers.

What are lenders lending to folks in the “middle class”? I still see houses being purchased here in North Park for well above 600K. Has it become an “upper class” neighborhod?

[JerseyGrl]

Toots

I know what people think they can afford, but my question is
who is getting mortgages these days? I understand there are people who have saved for several years and can make a sizeable downpayment but I don’t think they make up the majority of home buyers.

What are lenders lending to folks in the “middle class”? I still see houses being purchased here in North Park for well above 600K. Has it become an “upper class” neighborhod?

[Bugs]

You could probably call North Park a $600k-and-declining market. Next year it will probably be a $550k-and-declining market. Before this is all over North Park may very well become a $400k market.

[Bugs]

You could probably call North Park a $600k-and-declining market. Next year it will probably be a $550k-and-declining market. Before this is all over North Park may very well become a $400k market.

[Bugs]

You could probably call North Park a $600k-and-declining market. Next year it will probably be a $550k-and-declining market. Before this is all over North Park may very well become a $400k market.

[Bugs]

You could probably call North Park a $600k-and-declining market. Next year it will probably be a $550k-and-declining market. Before this is all over North Park may very well become a $400k market.

[Author]

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