Posts tagged "Housing"

What constitutes “housing?”?

Question by P. D.: What constitutes “housing?”?
When trying to figure out the 30% of income on housing, what constitutes housing? Mortgage payment? Plus insurance and taxes, I presume, but plus water and utilities? I’m trying to figure out if I’m still in good financial shape, and perhaps buying a bigger house.

Best answer:

Answer by robert w
PD,
thanks for asking b4 u get sold into something u shouldn’t buy.
what the banks say will get u shafted with the down turn in the market.
suggest a 30 yr or less fixed rate (P&I) equals one weeks take home (net) pay not gross pay. 2nd week can go for utilities, taxes , PMI, up keep/maintenance. 3rd week go for food , transportation costs, empty house syndromn, 4th week to pay off creit slave cards and invest/save for retirement. unless u believe in S.S. fairies.
Buy as small as u need not as big as u see an investment or u’ll get a visit from an associate.
suggest visit daveramsey.com to learn what banks pray u never learn – how to own ur cash not be owned by it.

Add your own answer in the comments!

What constitutes “housing?”?

Question by P. D.: What constitutes “housing?”?
When trying to figure out the 30% of income on housing, what constitutes housing? Mortgage payment? Plus insurance and taxes, I presume, but plus water and utilities? I’m trying to figure out if I’m still in good financial shape, and perhaps buying a bigger house.

Best answer:

Answer by robert w
PD,
thanks for asking b4 u get sold into something u shouldn’t buy.
what the banks say will get u shafted with the down turn in the market.
suggest a 30 yr or less fixed rate (P&I) equals one weeks take home (net) pay not gross pay. 2nd week can go for utilities, taxes , PMI, up keep/maintenance. 3rd week go for food , transportation costs, empty house syndromn, 4th week to pay off creit slave cards and invest/save for retirement. unless u believe in S.S. fairies.
Buy as small as u need not as big as u see an investment or u’ll get a visit from an associate.
suggest visit daveramsey.com to learn what banks pray u never learn – how to own ur cash not be owned by it.

What do you think? Answer below!

What constitutes “housing?”?

Question by P. D.: What constitutes “housing?”?
When trying to figure out the 30% of income on housing, what constitutes housing? Mortgage payment? Plus insurance and taxes, I presume, but plus water and utilities? I’m trying to figure out if I’m still in good financial shape, and perhaps buying a bigger house.

Best answer:

Answer by robert w
PD,
thanks for asking b4 u get sold into something u shouldn’t buy.
what the banks say will get u shafted with the down turn in the market.
suggest a 30 yr or less fixed rate (P&I) equals one weeks take home (net) pay not gross pay. 2nd week can go for utilities, taxes , PMI, up keep/maintenance. 3rd week go for food , transportation costs, empty house syndromn, 4th week to pay off creit slave cards and invest/save for retirement. unless u believe in S.S. fairies.
Buy as small as u need not as big as u see an investment or u’ll get a visit from an associate.
suggest visit daveramsey.com to learn what banks pray u never learn – how to own ur cash not be owned by it.

Give your answer to this question below!

Military Base Housing and Renters Insurance – USAA

Whether it’s on base or off, protect what’s yours with renters insurance. With base housing, the government provides some protection — but it doesn’t cover everything. Watch our video and learn the facts about the importance of renters insurance.
Video Rating: 5 / 5

Did the democrat controlled congress home ownership utopia create the housing bubble?

Question by Josey Wales: Did the democrat controlled congress residence ownership utopia generate the housing bubble?
QUOTE: “Lengthy-term pressure from Frank and his colleagues to expand property ownership connects government housing policies to both the housing bubble and the poor quality of the mortgages on which it is based”

http://www.forbes.com/2009/02/13/housing-bubble-subprime-opinions-contributors_0216_peter_wallison_edward_pinto.html

Did the actual estate collapse trigger insurance and banks to fail, and then additional snowball into high unemployment?

.

Very best answer:

Answer by Paul Grass®™℠
Yes sir Frank and Dodd practically single handedly produced the housing melt down by their inept legislative push for Fannie and Freddy to underwrite negative loans. They didn’t care as they got kick backs and sweet deals in carrying out so, and that is a reality

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Financial Derivatives: What are They? – Housing Bubble Collapse – Unregulated Insurance

Was the lack of regulation on financial derivatives the main cause of our economic collapse? Or was it the easy money that Fanny Mae and Freddie Mac were giving out for home mortgages like there was no tomorrow? I would say that it was both, but there were other factors involved as well.

The way I see it is that there was overregulation on one hand, Fanny and Freddie, while on the other hand there was under regulation when it came to these derivatives.

I believe that this economic crisis we find ourselves in can be laid squarely on the shoulders of our federal government. They were the ones, along with the Feds, who made regulations that provided easy money for the taking, which was the cause of the housing bubble, which would have to collapse eventually, that is why they call it a bubble, because it is unsustainable.

I believe it’s good that they are now proposing regulations on these insane casino style derivatives that have no economic value for our country. I just hope that congress does not do what it is famous for, which is to overreact to a problem, and in the process, make it worse.
jbranstetter04

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