Posted on 05/07/2006 11:41:46 PM PDT by MadIvan
Try being a young professional making between 50k and 75k and buying a starter home in the Northeast. At least half a mil for a 2000 sq ft. 3 br 1.5 ba. home.
what you describe is negative blowback of a fairly strong economy
do folks expect you to rent till you have 200K for the downpayment?
it's tough
Right now, I rent well below what I can afford rent-wise. I have some solid down-payment money saved already and w/ a VA loan (I'm a vet), I can escape points, mortgage insurance and some of the other b.s.. But, and this is a big but, taxes and the cost of property would make the mortgage payments unaffordable.
With maintenance, taxes, and mortgage interest, I've never thought that home-ownership is this great economic panacea (though I may be wrong) and that in some instances, it may be wiser to rent and invest my savings than to sink all of my assets in a home.
Home ownership beyond basics is lifestyle
One my faves too! I'm glad that he and Jack Williamson are still around writing their enormous hearts out!
P.S. I was thinking specifically of 'The Midas Plague'.
The next time I'm up in Chicago, I'm tempted to arrange a meeting with him, and pick his brain.....
So, are we to assume that corrupt governments would fall sooner if remittances were stopped? I think Mexican leaders have that fear.
Is there any right leaning generals (ala Pinochet) in that country the CIA could back to take Mugabe down???
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