Costly living

[The Dad Fisherman]

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

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.

Originally Posted by spence

Roughly 100/hr in that scenario.

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.

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

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

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

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

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

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

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

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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