U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Georgia
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-05-2007, 05:41 PM
 
26 posts, read 67,425 times
Reputation: 12

Advertisements

So far a pretty ridiculous thread. What your mortgage payments are is dependent on how much of a loan you took. You could live in a $500, 000 house and have mortgage payments of zero if you paid cash.
Reply With Quote Quick reply to this message

 
Old 06-05-2007, 09:21 PM
 
39 posts, read 78,026 times
Reputation: 21
SAMCOLT,

This is not a riduclous thread. Its's an attempt to gauge if people are accumulating wealth via their homes and what's the mortgage payment - the man expense pulling $$$ from our pockets. Also, it gives an idea what people have to make (income) in prder to survive. SO PEOPLE ADD YOUR PURCHASE PRICE, DOWNPAYMENT, AND MORTGAGE BALANCE
Reply With Quote Quick reply to this message
 
Old 06-06-2007, 06:00 AM
 
9,124 posts, read 33,354,167 times
Reputation: 3570
Quote:
Originally Posted by mrdkb22 View Post
SAMCOLT,

This is not a riduclous thread. Its's an attempt to gauge if people are accumulating wealth via their homes and what's the mortgage payment - the man expense pulling $$$ from our pockets. Also, it gives an idea what people have to make (income) in prder to survive. SO PEOPLE ADD YOUR PURCHASE PRICE, DOWNPAYMENT, AND MORTGAGE BALANCE
So how does all of this help people to understand how much they need to make to survive (your words)???

The only info that would possibly be useful to anyone trying to guage how much house they can afford would be to list the interest rates of your loan (only relevant if the loan is brand new, though), what that rate equates to in $$/$1,000 borrowed, and what debt/income ratios the mortgage company required.

How does anyone knowing that my mortgage payment is $2,000/month tell them if I'm "accumulating wealth via my home"?

Bob
Reply With Quote Quick reply to this message
 
Old 06-06-2007, 08:05 AM
 
Location: Monroe,Ga.
183 posts, read 935,021 times
Reputation: 98
I agree with Sam and Bob...goes to my original point on page one. There are many variables to consider and you really can't make appropriate comparisons when there are so many variables! What you pay for your house has no significance on your lifestyle or income. You could have a $500,000 house and no bed to sleep on!
Reply With Quote Quick reply to this message
 
Old 06-06-2007, 08:41 AM
 
Location: Cumming GA
200 posts, read 931,529 times
Reputation: 53
Home price $530,000, mortgaged $320,000, payment including taxes and insurance $2350.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Georgia
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top