So let's go over this for the "Reading Comprehension" challenged. Nebe asked a question, how much does a person need to make to pay the mortgage on a $480k house. Pay the mortgage is the important part
Quote:
Originally Posted by Nebe
How many dollars per hour does a person have to earn to pay a mortgage on a house that is $480,000.00 ???
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So Spence, in some kind of liberal induced form of Tourettes shouts out $100 an hour. Nothing based on fact, just what he feels is a good round number.
Quote:
Originally Posted by spence
Roughly 100/hr in that scenario.
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I referred to it as hyperbole, which is what it is, just something made up to make a point. $100 an hour by the way is $208,000 a year.
Quote:
Originally Posted by The Dad Fisherman
More of that Hyperbole you so detest.
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Nebe calls it "Truth", well then it should be able to be supported by facts
Quote:
Originally Posted by Nebe
You mean truth ?
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So I plugged it into a mortgage calculator and worked out the numbers needed to "pay the mortgage" (which was the question asked) and it comes out to about $14 dollars an hour, leaving $86 an hour for the rest of life's little incidentals. 86. Dollars. An. Hour
Quote:
Originally Posted by The Dad Fisherman
A $480000 mortgage at 3.9% for 30 years is $2,270 a month which works out to a little more than $14 an hour based on 160 hours worked per month, you know, 40 hours a week.
No, I meant hyperbole
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So then Nebe elevates himself to a place of superiority because he has to be smarter than the rest of us because he couldn't comprehend the above post
Quote:
Originally Posted by Nebe
Omg. I’m going to frame this.
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And then he invokes, what I can only guess is that New Math I've heard so much about, and tries to say that $14 an hour is 100% of a $100 an hour salary. Either that or it's that pesky reading comprehension thing again
Quote:
Originally Posted by Nebe
That’s 100% of your pay.
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Which I question him on because, you know, it doesn't make sense. Which makes me question his math skillz
Quote:
Originally Posted by The Dad Fisherman
That’s a 100% of a $100 an hour paying job???
Math wasn’t your forte in high school, was it
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Which calls into question my reading comprehension skillz, I'm pretty sure I answered the question that was originally asked the way it should have been answered
Quote:
Originally Posted by Nebe
And reading comprehension wasn’t yours.
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And then Spence adds a bunch of life's little roadblocks that really don't have anything to do with the actual cost of the mortgage. Which really doesn't justify the other, unaccounted for, $86 an hour
Quote:
Originally Posted by spence
He also forgot real estate taxes, payroll taxes, SS taxes, home insurance and that no first time home buyer is likely to get a premium rate on a loan.
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