I would just like to point out (Fresno, Riverside: rental, HOA)

[nullgeo]

Originally Posted by TNEC_Dad

I have run the numbers and they equate to 45% of take home income.

While you flatter yourself by categorizing other posters and giving permissions and other nonsense like "getting in your face" comments, it just looks like a desperate attempt to be in control in some area of your life that otherwise you feel powerless and defeated in.

Null, I have tried to be nice to you only for you to accept that kindness as disingenuoesness. It really is sad to see someone in a world of such darkness.

You seem to attach yourself to me so I take it that you need my interaction. Let me try to help you friend. Don't let your emotions overtake objectivity. Don't be so insecure in your beliefs that you cannot discuss without personal attack and deflection. I say this to help you.

As I said: run the industry calculators ... then run your mouth. Anyone earning $10K monthly who can't take home 75% after taxes of that shouldn't be buying a house ... that's for sure. And anyone who can't pay 1/3 of their income for housing, because their other debt-load or lifestyle precludes, is not doing a very good job of managing their life -- and should not buy a home until they learn better and pay down.

My objectivity is in excellent order and serves as a super BS detector ... which went off loud and clear from your first posts. Read your own posts, as I say, objectively, and take your own damn advice.

[TNEC_Dad]

Originally Posted by nullgeo

As I said: run the industry calculators ... then run your mouth.

My objectivity is in excellent order and serves as a super BS detector ... which went off loud and clear from your first posts. Read your own posts, as I say, objectively, and take your own damn advice.

Again, as I have said, I have run the numers and 45% of take home income is not reasonable.

It is sad to see your attempt for significance.

[nullgeo]

Originally Posted by TNEC_Dad

Again, as I have said, I have run the numers and 45% of take home income is not reasonable.

It is sad to see your attempt for significance.

As I just added a line to the post you quote, go back and read ... and run the calculators ... not your mouth.

[TNEC_Dad]

Originally Posted by nullgeo

As I just added a line to the post you quote, go back and read ... and run the calculators ... not your mouth.

Poor guy, now you are running in circles with your fingers in your ears.

Again, 45% of take home income is not reasonable for home ownership costs.

Do you disagree with that?

[nullgeo]

Originally Posted by TNEC_Dad

Poor guy, now you are running in circles with your fingers in your ears.

Again, 45% of take home income is not reasonable for home ownership costs.

Do you disagree with that?

No circles, except in your mind.

Here:
$500,000 @ 4% 30 years fixed is:
$2387.08 per month
add T&I ... equals? About $2800 give or take $100 depending on area tax rates.

Now who, earning $10K a month doesn't have sufficient deductions to keep at least 80% of that?
Comes to? 35% of take home.

Fact is right now, rates are as much as a full 1% lower than 4%, (that's 3% for your challenged mind) ... making it even more doable.

[.highnlite]

Poor guy, now you are running in circles with your fingers in your ears.(Would Jesus say stuff like this?)

Again, 45% of take home income is not reasonable for home ownership costs.

Do you disagree with that?

This lad probably plays the lottery too, which as we all know, is a tax on people that can't do math.

[SunnyTXsmile]

Originally Posted by .highnlite

This lad probably plays the lottery too, which as we all know, is a tax on people that can't do math.

LOL! That is fabulous, and I'm totally stealing it. lol

[TNEC_Dad]

Originally Posted by nullgeo

No circles, except in your mind.

Here:
$500,000 @ 4% 30 years fixed is:
$2387.08 per month
add T&I ... equals? About $2800 give or take $100 depending on area tax rates.

Now who, earning $10K a month doesn't have sufficient deductions to keep at least 80% of that?
Comes to? 35% of take home.

Fact is right now, rates are as much as a full 1% lower than 4%, (that's 3% for your challenged mind) ... making it even more doable.

After tax, a CA annual salary of $120k equates to $8k per month.

In addition to the monthly mortgage of $2,700, there is the monthly home owners insurance (cheapest from a list) of $40 and property tax (from actual CA home for sale in Fresno) of $500. Add another $300 for HOA, repairs and maintenence, and additional utilities.

Again, 45% of take home income is not reasonably affordable for the average person.

[TNEC_Dad]

Originally Posted by .highnlite

This lad probably plays the lottery too, which as we all know, is a tax on people that can't do math.

null may play the lotto but I hope not unless it is for entertainment and not a financial solution.

[1AngryTaxPayer]

You can get into a fairly nice house for under 300K in SD right now. Not new but in a safe hood.