Quote:
Originally Posted by donk.
Government should make your mortgage allowance, a max of 3 times your annual pay with a 20% down requirement.
No retarded debt for 25 years paying 300K on a 350K townhouse.
No bailing out all those poor bastards, that only own 10% of their home when shit hits the fan.
Theres a reason why mortgage means death pledge in latin.
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So ... Basically no one except the ultra-rich can buy a house?
How many regular people are making $117k/year and have $70k sitting in a bank account to put down on a $350k townhouse?