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General Parenting
"Housing for working people"
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<blockquote data-quote="skeeter" data-source="post: 49468" data-attributes="member: 439"><p>Ohio has one of the highest foreclosure rates now. There are LOADS of what we call "McMansions" here going for $500,000 or more! On what was farmland when I was growing up - but the houses are stuck on 1/4 acre lots. I'd really love to see if any of these actually have any furniture in them!!!</p><p></p><p>The last time I refinanced, the bank told me I was "qualified" for 1/3 my GROSS salary. I said, no, I want 1/4 my NET salary - they acted like I was nuts!</p><p></p><p>When I bought my first house in 1982, the interest rates were 13.5%, and you had to have 20% down. What would these people do with those restrictions???</p></blockquote><p></p>
[QUOTE="skeeter, post: 49468, member: 439"] Ohio has one of the highest foreclosure rates now. There are LOADS of what we call "McMansions" here going for $500,000 or more! On what was farmland when I was growing up - but the houses are stuck on 1/4 acre lots. I'd really love to see if any of these actually have any furniture in them!!! The last time I refinanced, the bank told me I was "qualified" for 1/3 my GROSS salary. I said, no, I want 1/4 my NET salary - they acted like I was nuts! When I bought my first house in 1982, the interest rates were 13.5%, and you had to have 20% down. What would these people do with those restrictions??? [/QUOTE]
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