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Thread: Lenders keep doing it, your 401Ks will soon be gone

  1. #19

    Default Re: Lenders keep doing it, your 401Ks will soon be gone

    Quote Originally Posted by BonnieJ2 View Post
    Why would you even WANT to buy a house if you are both unemployed? Who's to say that you will find a job that's convenient to your home? Maybe you'll find a great job 60 miles away, or in another area entirely.
    Bonnie, if everyone thought like you, there wouldn't be a problem with the subprime mortgage market.

  2. #20

    Default Re: Lenders keep doing it, your 401Ks will soon be gone

    Thanks, Flop. It seems basic.
    "All my life I have tried to pluck a thistle and plant a flower wherever the flower would grow in thought and mind." -- Abraham Lincoln

  3. #21
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    Default Re: Lenders keep doing it, your 401Ks will soon be gone

    Quote Originally Posted by BonnieJ2 View Post
    Thanks, Flop. It seems basic.
    Some people can't resist the urge however irrational. They need that Iron Wall.

  4. #22

    Default Re: Lenders keep doing it, your 401Ks will soon be gone

    Quote Originally Posted by Flop The Nuts View Post
    A 2,500 sq ft house with less than 1/2 an acre in my area goes for anywhere from $900k to $1.2 mil. If you put $600k down, your monthly mortgage will be around $4,500 per month, depending on a variety of factors, including whether you finance your property taxes, how many points, etc...

    California real estate is crazy though. If you were lucky enough to have bought a house ten or fifteen years ago, you're golden.
    What a rip off. I guess if you're dumb enough to pay that price, you got what's coming to you.
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