Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Chet 99
The Binfets had no trouble paying their mortgage for the first three years. As long as the housing market remained strong, so did the family’s income.

Market appreciation = income??? HELLO. McFly??? And they harvested their new-found paper equity.

11 posted on 03/07/2009 12:33:37 PM PST by NonValueAdded (May God save America from its government; this is no time for Obamateurs. Emmanuel = Haldeman?)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: NonValueAdded; GreyMountainReagan
As long as the housing market remained strong, so did the family’s income.

My guess was that the author was alluding to the husband's job as a lumber salesman. Strong housing market = strong lumber demand = good commissions = good family income.

But one wonders what the stay-at-home Mom was doing while they paid someone big money to work on their backyard. Why didn't they save the cash and have Mom push the dirt and mulch around? Would have taken longer but cost a lot less.

20 posted on 03/07/2009 12:44:08 PM PST by whd23
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson