Comments on: Mr. and Mrs. Too Much Home Buyer http://www.boom2bust.com/2008/02/07/mr-and-mrs-too-much-home-buyer/ "The Most Hated Blog On Wall Street" Fri, 05 Dec 2008 11:19:11 +0000 http://wordpress.org/?v=2.6.2 By: Editor http://www.boom2bust.com/2008/02/07/mr-and-mrs-too-much-home-buyer/#comment-727 Editor Tue, 12 Feb 2008 05:45:03 +0000 http://www.boom2bust.com/2008/02/07/mr-and-mrs-too-much-home-buyer/#comment-727 Oh, I've got plenty more where that came from... Oh, I’ve got plenty more where that came from…

]]> By: Jim http://www.boom2bust.com/2008/02/07/mr-and-mrs-too-much-home-buyer/#comment-726 Jim Tue, 12 Feb 2008 05:25:23 +0000 http://www.boom2bust.com/2008/02/07/mr-and-mrs-too-much-home-buyer/#comment-726 Freakin' hilarious... Keep 'em coming Freakin’ hilarious…

Keep ‘em coming

]]> By: Editor http://www.boom2bust.com/2008/02/07/mr-and-mrs-too-much-home-buyer/#comment-716 Editor Mon, 11 Feb 2008 15:50:47 +0000 http://www.boom2bust.com/2008/02/07/mr-and-mrs-too-much-home-buyer/#comment-716 On September 12, 2007, the New York Times talked about how housing in eating up more income, despite a slowdown: "Housing costs ate up more of the monthly paycheck for millions of Americans in 2006 than the year before, despite signs of a slowdown in the housing market, according to figures made public today by the Census Bureau... Nationally, half of renters and more than one third of mortgage holders — 37 percent, up from 35 percent in 2005, or a rise of more than 1.5 million households — spent at least 30 percent of their gross income on housing costs, the level many government agencies consider the limit of affordability... Fourteen percent of mortgage-holders spent at least half their income on housing in 2006, up from 13 percent last year, while among renters there was little change. In both years, 25 percent of renters spent half their income on housing..." "Housing Costs Consumed More of Paychecks in 2006" http://www.nytimes.com/2007/09/12/us/12housing.html On September 12, 2007, the New York Times talked about how housing in eating up more income, despite a slowdown:

“Housing costs ate up more of the monthly paycheck for millions of Americans in 2006 than the year before, despite signs of a slowdown in the housing market, according to figures made public today by the Census Bureau…

Nationally, half of renters and more than one third of mortgage holders — 37 percent, up from 35 percent in 2005, or a rise of more than 1.5 million households — spent at least 30 percent of their gross income on housing costs, the level many government agencies consider the limit of affordability…

Fourteen percent of mortgage-holders spent at least half their income on housing in 2006, up from 13 percent last year, while among renters there was little change. In both years, 25 percent of renters spent half their income on housing…”

“Housing Costs Consumed More of Paychecks in 2006″
http://www.nytimes.com/2007/09/12/us/12housing.html

]]> By: Sunshin http://www.boom2bust.com/2008/02/07/mr-and-mrs-too-much-home-buyer/#comment-668 Sunshin Fri, 08 Feb 2008 02:49:27 +0000 http://www.boom2bust.com/2008/02/07/mr-and-mrs-too-much-home-buyer/#comment-668 60% of household gross income is spent on mortgage, ouch. How could they get that kind of loan in the first place? No wonder banks are running out of business. I thought the max loan isn't more than 4 times of your annual gross income. Plain stupid and short sighted. 60% of household gross income is spent on mortgage, ouch.
How could they get that kind of loan in the first place? No wonder banks are running out of business. I thought the max loan isn’t more than 4 times of your annual gross income.
Plain stupid and short sighted.

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