SoberRecovery : Alcoholism Drug Addiction Help and Information - View Single Post

best · 02-27-2008, 07:39 AM

70K

Try living in Boston. Rates have fallen to a point that the amount people will lose if they sell would be about 70K.
I could buy 4 houses in your area for what one costs in my area.
As I was looking over how things are, I am seeing myself staying right where I am for at least another 5 years.

What has caused most of the problems... The fed allowed lenders to give a mortgage for 90-120 % of the house value. People would take out a second and end up oweing more then the house was worth. A fixed rate and a lost job could equal a lost house just as easy as a variable rate that climbed beyond a persons means.

Realizing I will need stay here for a bit, I am fixing up the yard so I will better enjoy the stay.

02-27-2008, 07:39 AM	#2 (permalink)
best Don't get undies in a bunch Join Date: Apr 2004 Location: South Shore MA Posts: 7,166	70K Try living in Boston. Rates have fallen to a point that the amount people will lose if they sell would be about 70K. I could buy 4 houses in your area for what one costs in my area. As I was looking over how things are, I am seeing myself staying right where I am for at least another 5 years. What has caused most of the problems... The fed allowed lenders to give a mortgage for 90-120 % of the house value. People would take out a second and end up oweing more then the house was worth. A fixed rate and a lost job could equal a lost house just as easy as a variable rate that climbed beyond a persons means. Realizing I will need stay here for a bit, I am fixing up the yard so I will better enjoy the stay. __________________ * I asked God to spare me pain. God said "No", Suffering draws you apart from worldly cares and brings you closer to me. Recovery Related Acronym B. E. S. T. = Been Enjoying Sobriety Today?