while I don’t think every homeowner who falls into forclosure should be called a moron, but what made them think they could afford $2500/mo, much less $4000?
how do you go from rent subdidized, to buying a half a million dollar house, and for that matter, why is a “couple” making 66k getting susidies anyway? why should the govt pay for these lesbians to raise three kids? (did she switch to women after getting knocked up the 3rd time?
It’s tight, but $66,000 a year is enough to cover a $2500 a month payment. That leaves $36,000 for expenses, if you assume that they will end up not paying any taxes (likely with 3 kids — also, unless they got “married” (this is boston, right?) they are probably both below the line to pay, and might even be getting tax credits back.
Apparently she didn’t know that if they get the monthly payment wrong, you can walk out of the deal.