You shouldn't buy a home more than xxx?

[Ingenere]

Originally Posted by Ultrarunner

I'm starting to be intrigued by off grid living...

I have friends in Alaska, Northern California and Santa Cruz Mountains that live off-grid... it is amazing how nice it can be...

The one in Alaska lives off the land much of the year and makes a living as a guide... plus he and his wife get a nice check each year from the State...

Divorce is biggest financial disaster I see among those that were on track... absolutely devastating for some.

So living on the government dole is "off the grid"

That's a new one.

[michgc]

Originally Posted by Ingenere

So living on the government dole is "off the grid"

That's a new one.

All residents of Alaska receive a government check once per year. It's called the Alaska Permanent Fund and comes mostly from state oil revenues. In 2013, each person in the state received $900 - not quite the same as living on the government dole.

[Ingenere]

I assumed "nice check" meant something different

[Ultrarunner]

Originally Posted by Ingenere

So living on the government dole is "off the grid"

That's a new one.

Each resident of Alaska receives a yearly dividend form the States oil and gas leases...

http://en.wikipedia.org/wiki/Alaska_Permanent_Fund

It has ranged anywhere from a few hundred to over $2,000 plus there was a one time $1200 bonus.

Never thought of it as being on the dole anymore than a shareholder in a corp receives a dividend.

[Gandalara]

Originally Posted by synchronicity

Well, I get your point (it's about the debt as much as the purchase price) but I'll note that the normal term used by mortgage lenders is PITI (Principal, Income, Taxes and Insurance)

Not income.

Principal, interest, taxes, and insurance.

[synchronicity]

Originally Posted by Gandalara

Not income.

Principal, interest, taxes, and insurance.

GAH! Sorry, I know that's interest. How did I type it that way? Total brainfreeze, and didn't even notice it after posting.

Thanks for the catch! I still can't believe I typed that.