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November 11, 2007 at 10:44 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98393November 11, 2007 at 10:44 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98459
PorkmanDelardo
ParticipantFYI, 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
November 11, 2007 at 10:44 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98468ParticipantFYI, 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
November 11, 2007 at 10:44 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98475ParticipantFYI, 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
November 11, 2007 at 10:37 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98386ParticipantNice 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
November 11, 2007 at 10:37 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98451ParticipantNice 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
November 11, 2007 at 10:37 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98460ParticipantNice 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
November 11, 2007 at 10:37 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98466ParticipantNice 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
November 11, 2007 at 10:33 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98379ParticipantThe flip side is the artificial ceiling created by the speculators, knife grabbers and the like. Give these working poor people a break. I have no problems with my tax dollars going towards affordable programs to assist people at the bottom of the economic ladder, to get a leg up, one rung at a time so to speak. What I don’t like my tax dollars being spent on is a wasteful unnecessary war prompted by the buffoon in the oval office. That is a whole other argument, not suitable for the website. Just my two cents. Porkman
November 11, 2007 at 10:33 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98444ParticipantThe flip side is the artificial ceiling created by the speculators, knife grabbers and the like. Give these working poor people a break. I have no problems with my tax dollars going towards affordable programs to assist people at the bottom of the economic ladder, to get a leg up, one rung at a time so to speak. What I don’t like my tax dollars being spent on is a wasteful unnecessary war prompted by the buffoon in the oval office. That is a whole other argument, not suitable for the website. Just my two cents. Porkman
November 11, 2007 at 10:33 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98452ParticipantThe flip side is the artificial ceiling created by the speculators, knife grabbers and the like. Give these working poor people a break. I have no problems with my tax dollars going towards affordable programs to assist people at the bottom of the economic ladder, to get a leg up, one rung at a time so to speak. What I don’t like my tax dollars being spent on is a wasteful unnecessary war prompted by the buffoon in the oval office. That is a whole other argument, not suitable for the website. Just my two cents. Porkman
November 11, 2007 at 10:33 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98458ParticipantThe flip side is the artificial ceiling created by the speculators, knife grabbers and the like. Give these working poor people a break. I have no problems with my tax dollars going towards affordable programs to assist people at the bottom of the economic ladder, to get a leg up, one rung at a time so to speak. What I don’t like my tax dollars being spent on is a wasteful unnecessary war prompted by the buffoon in the oval office. That is a whole other argument, not suitable for the website. Just my two cents. Porkman
November 11, 2007 at 9:40 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98353ParticipantAs the article explains, low income/first time homebuyers qualify with the assistance of patchwork of fixed rate loans and grants. Much of the loans are silent loans that will never have to be paid back if the home-owner meets certain requirements. The loans and grants can bring the actual loan balance close to 50% of the purchase price, hence a payment on on a loan of approx $150,000. Also included in the package is assistance with property taxes etc. Loan rates are typically lower to make the loans more affordable. So the month to month carrying costs are actually much lower than what appears on the surface. Getting qualified and going thru the process can be arduous, but the trade-off is well worth it. San Diego needs more affordable housing and more programs. Porkman
November 11, 2007 at 9:40 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98418ParticipantAs the article explains, low income/first time homebuyers qualify with the assistance of patchwork of fixed rate loans and grants. Much of the loans are silent loans that will never have to be paid back if the home-owner meets certain requirements. The loans and grants can bring the actual loan balance close to 50% of the purchase price, hence a payment on on a loan of approx $150,000. Also included in the package is assistance with property taxes etc. Loan rates are typically lower to make the loans more affordable. So the month to month carrying costs are actually much lower than what appears on the surface. Getting qualified and going thru the process can be arduous, but the trade-off is well worth it. San Diego needs more affordable housing and more programs. Porkman
November 11, 2007 at 9:40 AM in reply to: Anyone else see problems here? $30,000 income buys $316,000 house? #98428ParticipantAs the article explains, low income/first time homebuyers qualify with the assistance of patchwork of fixed rate loans and grants. Much of the loans are silent loans that will never have to be paid back if the home-owner meets certain requirements. The loans and grants can bring the actual loan balance close to 50% of the purchase price, hence a payment on on a loan of approx $150,000. Also included in the package is assistance with property taxes etc. Loan rates are typically lower to make the loans more affordable. So the month to month carrying costs are actually much lower than what appears on the surface. Getting qualified and going thru the process can be arduous, but the trade-off is well worth it. San Diego needs more affordable housing and more programs. Porkman
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