[JC]

I swear I am not math challenged. My numbers are different because the calculator I use includes estimates for taxes, etc. http://www.insidermortgage.com/articles.html?TargetPage=calculators.asp

I guess I am just conservative. I like to look at total monthly costs and round up.

Either way you slice it, it is still a large portion of your income to commit to housing.

[JC]

Just to be clear, I wasn’t quibbling about whether homes are more affordable now. I had issues with what they considered to be affordable with the annual income noted in the article.

By the way, my “flawed” calc was due to the fact that I used a traditional 30 year mortgage calc with 10% down.

It’s just my opiniont, but I think telling people that this is affordable is pretty terrible. It does not seem to take normal expenses or any of the fun financial suprises that people have into account.

It seems ridiculous to most of us on this board, but there are a lot of people that trust realtors to help them understand what they can afford. Of course, I guess that is pretty apparent these days….

[JC]

Just to be clear, I wasn’t quibbling about whether homes are more affordable now. I had issues with what they considered to be affordable with the annual income noted in the article.

By the way, my “flawed” calc was due to the fact that I used a traditional 30 year mortgage calc with 10% down.

It’s just my opiniont, but I think telling people that this is affordable is pretty terrible. It does not seem to take normal expenses or any of the fun financial suprises that people have into account.

It seems ridiculous to most of us on this board, but there are a lot of people that trust realtors to help them understand what they can afford. Of course, I guess that is pretty apparent these days….

[JC]

Just to be clear, I wasn’t quibbling about whether homes are more affordable now. I had issues with what they considered to be affordable with the annual income noted in the article.

By the way, my “flawed” calc was due to the fact that I used a traditional 30 year mortgage calc with 10% down.

It’s just my opiniont, but I think telling people that this is affordable is pretty terrible. It does not seem to take normal expenses or any of the fun financial suprises that people have into account.

It seems ridiculous to most of us on this board, but there are a lot of people that trust realtors to help them understand what they can afford. Of course, I guess that is pretty apparent these days….

[JC]

Just to be clear, I wasn’t quibbling about whether homes are more affordable now. I had issues with what they considered to be affordable with the annual income noted in the article.

By the way, my “flawed” calc was due to the fact that I used a traditional 30 year mortgage calc with 10% down.

It’s just my opiniont, but I think telling people that this is affordable is pretty terrible. It does not seem to take normal expenses or any of the fun financial suprises that people have into account.

It seems ridiculous to most of us on this board, but there are a lot of people that trust realtors to help them understand what they can afford. Of course, I guess that is pretty apparent these days….

[JC]

Just to be clear, I wasn’t quibbling about whether homes are more affordable now. I had issues with what they considered to be affordable with the annual income noted in the article.

By the way, my “flawed” calc was due to the fact that I used a traditional 30 year mortgage calc with 10% down.

It’s just my opiniont, but I think telling people that this is affordable is pretty terrible. It does not seem to take normal expenses or any of the fun financial suprises that people have into account.

It seems ridiculous to most of us on this board, but there are a lot of people that trust realtors to help them understand what they can afford. Of course, I guess that is pretty apparent these days….

[JC]

Diego – I actually would not have purchased that place with the bank’s money. I like my excellent credit and I can’t imagine just walking away, so I’m just a bitter renter sitting on the sidelines. 🙂

I do get your point and I’m hopeful that regular people who have been financially responsible will be able to buy a place to live in San Diego sometime soon.

[JC]

Diego – I actually would not have purchased that place with the bank’s money. I like my excellent credit and I can’t imagine just walking away, so I’m just a bitter renter sitting on the sidelines. 🙂

I do get your point and I’m hopeful that regular people who have been financially responsible will be able to buy a place to live in San Diego sometime soon.

[JC]

Diego – I actually would not have purchased that place with the bank’s money. I like my excellent credit and I can’t imagine just walking away, so I’m just a bitter renter sitting on the sidelines. 🙂

I do get your point and I’m hopeful that regular people who have been financially responsible will be able to buy a place to live in San Diego sometime soon.

[JC]

Diego – I actually would not have purchased that place with the bank’s money. I like my excellent credit and I can’t imagine just walking away, so I’m just a bitter renter sitting on the sidelines. 🙂

I do get your point and I’m hopeful that regular people who have been financially responsible will be able to buy a place to live in San Diego sometime soon.

[JC]

Diego – I actually would not have purchased that place with the bank’s money. I like my excellent credit and I can’t imagine just walking away, so I’m just a bitter renter sitting on the sidelines. 🙂

I do get your point and I’m hopeful that regular people who have been financially responsible will be able to buy a place to live in San Diego sometime soon.

[JC]

JP – thanks for the info. I had not thought about the comps and how that could impact other properties they might have in that area. I can’t believe that anyone ever paid 350 for one of those units!

[JC]

JP – thanks for the info. I had not thought about the comps and how that could impact other properties they might have in that area. I can’t believe that anyone ever paid 350 for one of those units!

[JC]

JP – thanks for the info. I had not thought about the comps and how that could impact other properties they might have in that area. I can’t believe that anyone ever paid 350 for one of those units!

[JC]

JP – thanks for the info. I had not thought about the comps and how that could impact other properties they might have in that area. I can’t believe that anyone ever paid 350 for one of those units!

[Author]

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