I guess the Biden folks are manipulating the Dow, Nasdaq, and S&P 500 which are all at record highs. Trump certainly bragged about the stock market performance when he was President.
It just keeps going…
- Thread starter jbpayne32
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the rule of thumb is 28% of your monthly gross (mortgage payment).....including taxes and insurance. So, on 40K, the base payment would be around $900 monthly (w/o taxes and insurance). So, if you do a FHA loan (3.5% down) and the way interest rates are now......you are looking for a home less than 100K, unless you are bringing more money to the table.
I think your math is WAY off which is scary....unless a person does not want to live/save.
Hard to believe you are a "loan officer", if so....it's even more scary.
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This economy is built for only the rich and elites.
Let me make sure I understand your comment here, I think you are saying that Wall Street loves Biden so much that they are manipulating the market to make it go higher.
If they didn’t like Trump, why did they let the market get to record highs at the time when he was President?
The fake money is helping Biden’s economy and Wall Street always loves the Democrats. They had no choice on Trump’s economy because it was all true.
Its almost as though you guys are arguing for some sort of minimum "earning standard" that's structured to keep up with inflation. Thats a fantastic idea.
Nope just get that commie out of office and everything will take care of itself.
They were all the temps that worked Christmas season. Got to get a job for a while to collect unemployment
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Thanks brother. It is a roller coaster ride for sure
That's called a perpetual inflation machine. It drives poverty and economic collapse.
Education in marketable skills is how you improve lives. There is no government driven substitute.
Citizens gonna love being taxed for the upkeep of 10 million plus illegals joe and his handlers have let in…I see where the Biden govt started giving out $1k preapproved credit cards to give them each month…that doesn’t include the free room and board, healthcare, among other benefits they get. Wait till we find out more regarding crime like beating the cop up in NYC. Biden and his team along withe the dim voters are a disgrace…we can talk about the looting and daily stealing because of the stupid ass dim laws another day.
Unfortunately that is what Biden has tried to put in place. So far it hasn’t worked. Although with what is going on in other areas I can’t put it all on him. He has left the every day person behind. We will see how mad they are. The every day base of voters that never waver. I see them daily. And man they are pissed and frustrated sho. People focus on the middle. I don’t think that’s where the pubs win if they do. It will be from the hard core base of Dems. This admin has been messing with their budgets and money for three years straight. Will they continue to vote for the same bowl of crap.
Another thing those stats don’t delineate is how many of these jobs are govt jobs. Which are actually net losses for the average consumer. The govt job sector is the only sector that has grown the last couple months, I think that was the time frame.
just more smoke and mirrors from the govt
just more smoke and mirrors from the govt
Most all dims and pubs will vote the same way this time around again…I’m waiting to see how the Latino’s and black vote goes higher w/ pubs this cycle. We hear how blacks are looking at the possibility of more will vote for Trump than last time. Trump only got around 12% of the black vote last election. That’s after they saw the black population do better in most every facet compared to any other president ever under Trump. The Latino voted around 30 something % Trump thanks to the Cuban population had a higher favor of Trump. Same thing, Latinos were better off under Trump than ever in the past, but Trump still was in the 30 % threshold with the Latino vote. Those 2 sectors are locked in with demoncrats…wtf is up with that? Why do they seem to vote as one unlike whites that vote republican and Democrat in much higher numbers % wise?
That is some of the base I was talking about. They never waver. No matter what. Ever.
I'd like to see the budget of a household, on a combined $40,000 income, purchasing a $230k home.
You are a loan officer? Show me the math.
Deduct the following, from $40,000 and show me a $1600 a month payment
Income tax
Social security
Home owners Insurance
Property Taxes
Utilities (electricity, water, sanitation)
Upkeep costs
Remember, you still haven't bought any clothes, shoes, or personal items. You haven't saved a dime for retirement. You haven't bought life insurance, or health insurance, or dental insurance. You haven't budgeted a quarter for emergencies.
Are you going to walk to work, or drive? Then you have to have gasoline and insurance.
Does the hypothetical family have kids? Better take that into account. They get sick, need clothes, etc.
Oh, and by the way....you haven't eaten yet!
A $230,000 house on a $40,000 income is not realistic. That's 6x one's annual income, before tax. Ridiculous.
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The ‘rule of thumb’ doesn’t usually apply to first time homebuyers.
And I will admit my math was a little off as I’d had some wine. Low 40% front end is doable. Likely need about $50-55k in annual income to purchase a $230k home, which is still two people working full-time and making ~$13 an hour. VA can be even higher DTI with 3.3% to no down payment. If in a rural area, then USDA is an option, also with no down payment, but needs a lower DTI.
lolz. GDP growth begs to differ... Rs added 2T to the debt for no gain, which resulted in buybacks the goosed the market
