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Re: Rental Nation: U.S. Mortgage Applications Crash to Near-30-Year Low 

By: nacl01 in 6TH POPE | Recommend this post (2)
Fri, 25 Aug 23 12:03 AM | 35 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 45267 of 58625
(This msg. is a reply to 45256 by micro)
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the bar was set way too low for first time home buyers.

Maybe, in some ways, But prices have gone up A LOT.

I was out of college a year and a half and I bought a townhouse. Then, about 10 years later I bought a single family house. Easc of these properties were about 1.5x my gross salary.

Now, my daughter is 4 years out of engineering school and the houses in Dallas are 4 to 6 times her gross salary. Now that interest rates have gone up, houses are out of reach.

nacl


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The above is a reply to the following message:
Re: Rental Nation: U.S. Mortgage Applications Crash to Near-30-Year Low
By: micro in 6TH POPE
Thu, 24 Aug 23 6:33 PM 		Msg. 45256 of 58625

this is the kind of chit that happens when there is a addled brain scumbag in the oval office and God knows who is really calling all these extreme shots coming from the white house. I somehow think it is related to a former jackass President but we can't prove it, at least yet.

I am not offended by this article because I have been of the opinion for a long time that the bar was set way too low for first time home buyers. Whatever happened to a minimum down payment amount and people having to demonstrate credit worthiness?

This is just a disaster waiting for a place to happen..

Then again, I believe it is the Bite Me bunch that wants this to happen... JMO

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