“How the heck a brick home can look worn after just a short time is beyond me.”
Easy. No equity. The “owners” have ZERO invested. Nothing more than rental property....
I moved here to get away from white trash, not live next door to them.
A couple of weeks ago, a segment was on the nightly “news” show about a couple in the SE that was having a hard time making ends meet.
As best as I can remember: The two adult parents were both working and their combined income was $80,000 a year. They had 2 teen age sone.
That adds up to 2 exemptions, and with a house, I am going to think they are filing long form 1040 tax return. Let’s say that after income taxes at both the state and fed level they are taking home at least $60,000, to be very conservative.
Their adjustable house payment just went to $24,000 a YEAR on a house they bought for about $175,000. I think I heard the house was fairly new if not new.
$60,000 less $24,000 leaves $36,000 a year. That is $3,000 a month.
What in the world can they be spending money on if a family of 4 cannot make ends meet on $3000 a month?????