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November 6, 2009 at 8:36 AM in reply to: Advantages and Disavantages of Buying Affordable Housing for Low Income People #478936November 6, 2009 at 8:36 AM in reply to: Advantages and Disavantages of Buying Affordable Housing for Low Income People #479017
jimmyle
ParticipantThanks for your input. My sister will try to qualified and will attend a HUD first time buyer session tomorrow which is required for the buying process.
I think housing appreciation won’t be like the early 2000s any time soon so there is not much concern about profitting. As long as my sister can get an affordable place it is great.
This program is in a very nice city with good schools. The homes are 1300-1500 sqf.
one more question, my sister is single right now and her income meets the qualification. However, she plans to get married next year and her fiancee has high income. Will this affects anything once she bought the house?
November 6, 2009 at 8:36 AM in reply to: Advantages and Disavantages of Buying Affordable Housing for Low Income People #479236ParticipantThanks for your input. My sister will try to qualified and will attend a HUD first time buyer session tomorrow which is required for the buying process.
I think housing appreciation won’t be like the early 2000s any time soon so there is not much concern about profitting. As long as my sister can get an affordable place it is great.
This program is in a very nice city with good schools. The homes are 1300-1500 sqf.
one more question, my sister is single right now and her income meets the qualification. However, she plans to get married next year and her fiancee has high income. Will this affects anything once she bought the house?
ParticipantI only have 1/3 of the formula. And I am an above average saver. I doubt that even 10% of the 20s and 30s crowd meet the criteria.
For example,
30 year old guy making $80K needs $240K nest egg to meet the criteria. Let say he starts working at 23, he needs to save $35K a year while paying down his $20K+ college loan. Impossible.
Unless he bought a house on 0% down in 2002 and sold it in 2006.
ParticipantI only have 1/3 of the formula. And I am an above average saver. I doubt that even 10% of the 20s and 30s crowd meet the criteria.
For example,
30 year old guy making $80K needs $240K nest egg to meet the criteria. Let say he starts working at 23, he needs to save $35K a year while paying down his $20K+ college loan. Impossible.
Unless he bought a house on 0% down in 2002 and sold it in 2006.
ParticipantI only have 1/3 of the formula. And I am an above average saver. I doubt that even 10% of the 20s and 30s crowd meet the criteria.
For example,
30 year old guy making $80K needs $240K nest egg to meet the criteria. Let say he starts working at 23, he needs to save $35K a year while paying down his $20K+ college loan. Impossible.
Unless he bought a house on 0% down in 2002 and sold it in 2006.
ParticipantI only have 1/3 of the formula. And I am an above average saver. I doubt that even 10% of the 20s and 30s crowd meet the criteria.
For example,
30 year old guy making $80K needs $240K nest egg to meet the criteria. Let say he starts working at 23, he needs to save $35K a year while paying down his $20K+ college loan. Impossible.
Unless he bought a house on 0% down in 2002 and sold it in 2006.
ParticipantI only have 1/3 of the formula. And I am an above average saver. I doubt that even 10% of the 20s and 30s crowd meet the criteria.
For example,
30 year old guy making $80K needs $240K nest egg to meet the criteria. Let say he starts working at 23, he needs to save $35K a year while paying down his $20K+ college loan. Impossible.
Unless he bought a house on 0% down in 2002 and sold it in 2006.
November 2, 2009 at 8:09 AM in reply to: California to withhold a bigger chunk of paychecks goes up 10% on Sunday 11/1/2009 #476521ParticipantWhy is this even legal? I am really suprise no body takes the state to court for this.
November 2, 2009 at 8:09 AM in reply to: California to withhold a bigger chunk of paychecks goes up 10% on Sunday 11/1/2009 #476693ParticipantWhy is this even legal? I am really suprise no body takes the state to court for this.
November 2, 2009 at 8:09 AM in reply to: California to withhold a bigger chunk of paychecks goes up 10% on Sunday 11/1/2009 #477057ParticipantWhy is this even legal? I am really suprise no body takes the state to court for this.
November 2, 2009 at 8:09 AM in reply to: California to withhold a bigger chunk of paychecks goes up 10% on Sunday 11/1/2009 #477136ParticipantWhy is this even legal? I am really suprise no body takes the state to court for this.
November 2, 2009 at 8:09 AM in reply to: California to withhold a bigger chunk of paychecks goes up 10% on Sunday 11/1/2009 #477357ParticipantWhy is this even legal? I am really suprise no body takes the state to court for this.
ParticipantI agree, it is hopeless. The best thing you can do is taking care of your own finance.
[quote=Ren]If the staffers passed on the message to their queens, I’m guessing it resulted in a smirk and a chuckle at best. Asking them to stop taking your money and giving it to other people is like asking you to stop breathing.
If a thousand people called, they would just hire more staffers, and continue taking your money.[/quote]
ParticipantI agree, it is hopeless. The best thing you can do is taking care of your own finance.
[quote=Ren]If the staffers passed on the message to their queens, I’m guessing it resulted in a smirk and a chuckle at best. Asking them to stop taking your money and giving it to other people is like asking you to stop breathing.
If a thousand people called, they would just hire more staffers, and continue taking your money.[/quote]
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