Costly living

[spence]

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 ??? Assuming he qualifies as a first time home buyer with zero down payment ? And assuming 30% of his income goes towards the house payment ??
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Roughly 100/hr in that scenario.

[The Dad Fisherman]

Originally Posted by spence

Roughly 100/hr in that scenario.

More of that Hyperbole you so detest.
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[Nebe]

Originally Posted by The Dad Fisherman

More of that Hyperbole you so detest.
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You mean truth ?
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[The Dad Fisherman]

Originally Posted by Nebe

You mean truth ?
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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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[Nebe]

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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Omg. I’m going to frame this.
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