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WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: WELCOME TO THE REAL WORLD! ()
Date: June 16, 2015 09:04PM

You should have failed and repeated your senior year all over again.
Most of you will probably go to college for the next 10 years to avoid joining the workforce like my sister did (spoiled brat) but you cannot avoid the inevitable.
Misery awaits you whether its this year, next year or 5-10 years from now.
We shall see you soon.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Bill.N. ()
Date: June 16, 2015 09:22PM

Where can I find a single family home for $400k?

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Outer fringes ()
Date: June 16, 2015 10:04PM

Bill.N. Wrote:
-------------------------------------------------------
> Where can I find a single family home for $400k?

Outer fringes of Fairfax County?

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Date: June 16, 2015 10:17PM

Burgundy Village off Franconia Rd.. 300's now . Small 3 BR bungalow on a postage stamp size yard but heh its a single family house. I remember when you could find beaters Fix um uppers, in Annandale for 39 thou. But that was 40 years ago and most never made it onto the market as real estate agents always had a son, daughter, brother , sister, friend .. that wanted a starter home.

Young Folk out of HS buying a home here?? Out of college ?? Married maybe out of collage. Or parents with a deep pocket helping em out.



Edited 1 time(s). Last edit at 10/20/2017 02:53PM by Double Action Jackson.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Well... ()
Date: June 16, 2015 10:51PM

Bill.N. Wrote:
-------------------------------------------------------
> Where can I find a single family home for $400k?

You pretty much can't. That will buy you a town home in Centreville. If you know what you're doing, you actually can buy a fixer upper SFH for that, even inside the beltway, but it will probably need 75k+ to be livable.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: math ()
Date: June 17, 2015 10:07PM

can anyone do math?

$400K means $80K down means you need to save $1K for 80 months or almost 7 years for the downpayment


$80K down means $320K loan which means you need a $100K salary to qualify and your mortgage plus bs will be about $3K a month

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: xw3GG ()
Date: June 18, 2015 01:13AM

Just move

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: SFH ()
Date: June 18, 2015 03:01AM

SFH in Fairfax County start at around 400k and up.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Shoobo ()
Date: June 18, 2015 03:44AM

Most high school students are welcomed into higher education. But acting like most people graduate high school and then buy a house right after.. Yea that sounds like what really happens. Okay

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Overnight Shifter. ()
Date: June 18, 2015 03:55AM

Shoobo Wrote:
-------------------------------------------------------
> Most high school students are welcomed into higher
> education. But acting like most people graduate
> high school and then buy a house right after.. Yea
> that sounds like what really happens. Okay

After you turn 18 and graduate high school you are adult whether you choose to behave as one or not.
You can join the workforce right now or wait until after you finish college.
You are in the adult world regardless.
No longer a child.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Ric Edelman ()
Date: June 18, 2015 11:08AM

WELCOME TO THE REAL WORLD! Wrote:
-------------------------------------------------------
> You should have failed and repeated your senior
> year all over again.
> Most of you will probably go to college for the
> next 10 years to avoid joining the workforce like
> my sister did (spoiled brat) but you cannot avoid
> the inevitable.
> Misery awaits you whether its this year, next year
> or 5-10 years from now.
> We shall see you soon.

And, without a pension, don't even think you can retire unless you have at least $1M socked away.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: loan officer ()
Date: June 18, 2015 11:15AM

math Wrote:
-------------------------------------------------------
> can anyone do math?
>
> $400K means $80K down means you need to save $1K
> for 80 months or almost 7 years for the
> downpayment
>
>
> $80K down means $320K loan which means you need a
> $100K salary to qualify and your mortgage plus bs
> will be about $3K a month

Most people spend like niggas and don't even put 5% down.

3.5% is all you need, granted you will be paying PMI every month. So thats $14,000 down on a $400k house or about $20k after closing costs. Yet people who make $100k+ a year struggle and struggle save $20k because they spend like crazy.

Even further, if you are a first time home buyer not earning a lot, there are grants that pay 3% of the down payment, so you only need to bring a whopping .5% down.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Real world numbers ()
Date: June 18, 2015 11:35AM

Average FFXCO rents:

1-bedroom -- $1475
2-bedroom -- $1750
3-bedroom -- $1975

Median Household Income: $115,000
Median value Detached SFH: $560,000

FFXU incidence of ignorant twerpy little assholes: Pretty high

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Real world numbers ()
Date: June 18, 2015 11:38AM

Q: What do you call a person who is afraid of spending and debt?
A: A freaking MORON.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: iLester ()
Date: June 18, 2015 11:42AM

Actually, it's welcome to tuition, room and board, and books of $30-50K/yr.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Billy I fixed you a PB and J ()
Date: June 18, 2015 11:46AM

They will continue to live with mommy until they are 35 like many of the losers around me.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Same old, same old... ()
Date: June 18, 2015 12:07PM

iLester Wrote:
-------------------------------------------------------
> Actually, it's welcome to tuition, room and board,
> and books of $30-50K/yr.

State-supported colleges and universities used to be quite affordable. Even for out-of-state students. Then a bunch of asshole tax-cutter Republicans got themselves elected and slashed public support for public schools. That's why college is so expensive today. Better be careful of the ones who are now trying to do the very same thing to secondary public school systems.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: snarkymacsnarkums ()
Date: June 18, 2015 12:15PM

Two-thirds of college graduates, the non-engineers, CPAs and nurses, will wind up making lattes or pushing a mop. Or selling your tail, ladies, on CL.

You want a home you can afford? It has a skylight and running water...all the amenities. Go to the U-Haul store, pick out your favorite large cardboard box.
Get some waterproofing. Your new home in the woods ... mature trees, open sky,
rain (ok, it's falling water, not running water)

Make friends with the homeless community. They'll be your neighbors.

You'd be dismayed how many full-time working poor are homeless in Fairfax County.

Maybe one of your sympathetic Asian classmates will allow you to be their houseboy or girl; give you a cot in the garage and 3 squares a day. Such a deal.

The majority of those "jobs" you hear about that have been created are for fast food workers, wait staff, or day laborers.

You can recite Paradise Lost to yourself while you make the 105th latte of the day. Tolerable work when you are 21 but you don't want to make a career of it.

Gotta run ... my yuan piles need counting and a Sweet Briar alumnae is arriving an hour from now to exercise her oral talents.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Grow up, pinhead... ()
Date: June 18, 2015 12:15PM

Fucked up Billy I fixed you a PB and J Wrote:
-------------------------------------------------------
> They will continue to live with mommy until they are
> 35 like many of the losers around me.

Having extended families living under the same roof was the NORM in this country until very recently. The only loser in this picture is YOU!

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: make your own way club ()
Date: June 18, 2015 12:31PM

Grow up, pinhead... Wrote:
-------------------------------------------------------
> Fucked up Billy I fixed you a PB and J Wrote:
> --------------------------------------------------
> -----
> > They will continue to live with mommy until they
> are
> > 35 like many of the losers around me.
>
> Having extended families living under the same
> roof was the NORM in this country until very
> recently. The only loser in this picture is YOU!


Mom said your lunch is ready, come on up from the basement.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Ric Edelman ()
Date: June 18, 2015 12:45PM

Same old, same old... Wrote:
-------------------------------------------------------
> iLester Wrote:
> --------------------------------------------------
> -----
> > Actually, it's welcome to tuition, room and
> board,
> > and books of $30-50K/yr.
>
> State-supported colleges and universities used to
> be quite affordable. Even for out-of-state
> students. Then a bunch of asshole tax-cutter
> Republicans got themselves elected and slashed
> public support for public schools. That's why
> college is so expensive today. Better be careful
> of the ones who are now trying to do the very same
> thing to secondary public school systems.


Tax-subsidized colleges are infested with liberal presidents and tenured professors who demand $500K a year or more in salaries.

Bravo to Repubs who stomp out this taxpayer rape!

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: WHITE GIRL CLEANING TOILETS ()
Date: June 18, 2015 12:54PM

https://www.youtube.com/watch?v=ns_nS2nsp5M

College graduate cleaning toilets to pay back her student loans

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Libs gonna lib. ()
Date: June 18, 2015 01:03PM

2qdvmdz.jpg

Libs gonna lib.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Kemp Mill Records ()
Date: June 18, 2015 01:08PM

My older brother went to work at Kemp Mill Records right after high school. Saved money for 6 months, moved out of our parent's house and into a 1 bedroom apartment.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Isn't our Fault! ()
Date: June 18, 2015 01:20PM

Billy I fixed you a PB and J Wrote:
-------------------------------------------------------
> They will continue to live with mommy until they
> are 35 like many of the losers around me.


It isn't are fault that Wall Street wrecked the economy or that big corporations continue to ship good paying American jobs(including alot of white collar ones) to the Third World.

Or the fact that our beloved "President" continues to welcome unchecked millions of illegals in this country that take whatever is left.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Grow up, pinhead... ()
Date: June 18, 2015 01:28PM

make your own way club Wrote:
-------------------------------------------------------
> Mom said your lunch is ready, come on up from the basement.

So what's it like being eight years old? I mean aside from being such an infantile dumbfuck and all...

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Same old, same old... ()
Date: June 18, 2015 01:32PM

Ric Edelman Wrote:
-------------------------------------------------------
> Tax-subsidized colleges are infested with liberal
> presidents and tenured professors who demand $500K
> a year or more in salaries. Bravo to Repubs who
> stomp out this taxpayer rape!

LOL!!! Obviosuly, reform school was your highest level of educational attainment. What a pathetic fucking dumbass!

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: I wish I had a vagina ()
Date: June 18, 2015 01:37PM

b4s_backpage082613b_11311767_8col.jpg

If I had a vagina it would make earning money much easier.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Grow up, pinhead... ()
Date: June 18, 2015 02:00PM

Isn't our Fault! Wrote:
-------------------------------------------------------
> It isn't are fault...

Really?

> ...that Wall Street wrecked the economy or that big
> corporations continue to ship good paying American
> jobs(including alot of white collar ones) to the
> Third World.

It was indeed Wall Street that caused the Great Recession, but Republicans have been wrecking the economy for generations. It's all they know how to do.

It's impossible to ship a job anywhere however. Work is done now in Asia that was once done here because the people in Asia finally learned how to do those jobs. This frees US wokers up to do more important things.

> Or the fact that our beloved "President" continues
> to welcome unchecked millions of illegals in this
> country that take whatever is left.

LOL! At 13-15% of the population, the foreign-born are just now returning to levels that were the norm in this country until the cataclysms of WWI, the Great Depression, and WWII. We do not have enough native-born workers to replace the baby-boomers as they retire, and those retirements are only going to ramp up demand for household and personal services that immigrants specialize in. Many, many more millions of the foreign born will be coming to these shores in our future, whether we make the sensible choice to normalize and legalize all that or not.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: gkcm7 ()
Date: June 18, 2015 02:08PM

Grow up, pinhead... Wrote:
-------------------------------------------------------
> Isn't our Fault! Wrote:
> --------------------------------------------------
> -----
> > It isn't are fault...
>
> Really?
>
> > ...that Wall Street wrecked the economy or that
> big
> > corporations continue to ship good paying
> American
> > jobs(including alot of white collar ones) to the
>
> > Third World.
>
> It was indeed Wall Street that caused the Great
> Recession, but Republicans have been wrecking the
> economy for generations. It's all they know how
> to do.
>
> It's impossible to ship a job anywhere however.
> Work is done now in Asia that was once done here
> because the people in Asia finally learned how to
> do those jobs. This frees US wokers up to do more
> important things.
>

Like being unemployed.


> > Or the fact that our beloved "President"
> continues
> > to welcome unchecked millions of illegals in
> this
> > country that take whatever is left.
>
> LOL! At 13-15% of the population, the
> foreign-born are just now returning to levels that
> were the norm in this country until the cataclysms
> of WWI, the Great Depression, and WWII. We do not
> have enough native-born workers to replace the
> baby-boomers as they retire, and those retirements
> are only going to ramp up demand for household and
> personal services that immigrants specialize in.
> Many, many more millions of the foreign born will
> be coming to these shores in our future, whether
> we make the sensible choice to normalize and
> legalize all that or not.

We didn't have to support them and their children then. Want to go back to the days of rail camps for Chinese workers working for pennies and gruel and immigrant ghettos?

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: What a fucking dumbass ()
Date: June 18, 2015 02:42PM

gkcm7 Wrote:
-------------------------------------------------------
> Like being unemployed.

Those who are total assholes and also those who are unfit, unable, and untrained will always be unemployable. That's pretty much on you, asshole.

> We didn't have to support them and their children
> then. Want to go back to the days of rail camps
> for Chinese workers working for pennies and gruel
> and immigrant ghettos?

Immigrants pay all the same taxes that you do, you ignorant dumbfuck. You aren't supporting anybody.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: mk ()
Date: June 18, 2015 02:48PM

loan officer Wrote:
-------------------------------------------------------
> math Wrote:
> --------------------------------------------------
> -----
> > can anyone do math?
> >
> > $400K means $80K down means you need to save
> $1K
> > for 80 months or almost 7 years for the
> > downpayment
> >
> >
> > $80K down means $320K loan which means you need
> a
> > $100K salary to qualify and your mortgage plus
> bs
> > will be about $3K a month
>
> Most people spend like niggas and don't even put
> 5% down.
>
> 3.5% is all you need, granted you will be paying
> PMI every month. So thats $14,000 down on a $400k
> house or about $20k after closing costs. Yet
> people who make $100k+ a year struggle and
> struggle save $20k because they spend like crazy.
>
> Even further, if you are a first time home buyer
> not earning a lot, there are grants that pay 3% of
> the down payment, so you only need to bring a
> whopping .5% down.


14K down on a 400K house means you finance 386K. you need a big income to pay that monthly mortgage.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: xb9v7 ()
Date: June 18, 2015 02:56PM

What a fucking dumbass Wrote:
-------------------------------------------------------
> gkcm7 Wrote:
> --------------------------------------------------
> -----
> > Like being unemployed.
>
> Those who are total assholes and also those who
> are unfit, unable, and untrained will always be
> unemployable. That's pretty much on you, asshole.

So you mean black males, young people entering the workforce, and single minority women with children who have to directly compete with them and who have the highest unemployment rates as a result?

>
>
> > We didn't have to support them and their
> children
> > then. Want to go back to the days of rail
> camps
> > for Chinese workers working for pennies and
> gruel
> > and immigrant ghettos?
>
> Immigrants pay all the same taxes that you do, you
> ignorant dumbfuck. You aren't supporting anybody.

No, they never have and still don't since the last time that you tried to drag that same tired bs out. Not all of the same nor especially anywhere near the same amounts.

You might let FCPS know too that they don't need that extra $100 million either since the immigrants flooding the schools with their kids will be covering it with all of that tax money they'll be generating. lol

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: kXFdc ()
Date: June 18, 2015 07:02PM


yes the teachers tell the kids "keep schooling and you'll be rich"

they dont say: btw your teacher is getting 15x min. wage, in a gov union setting their own jobs and wages: and is a big part of the reason there won't be any job openings when you get out of school


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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Teach for America ()
Date: June 18, 2015 07:53PM

Outer fringes Wrote:
-------------------------------------------------------
> Bill.N. Wrote:
> --------------------------------------------------
> -----
> > Where can I find a single family home for
> $400k?
>
> Outer fringes of Fairfax County?


El Barrio de Hernduras.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: What a fucking dumbass ()
Date: June 18, 2015 08:33PM

xb9v7 Wrote:
-------------------------------------------------------
> No, they never have and still don't since the last
> time that you tried to drag that same tired bs
> out. Not all of the same nor especially anywhere
> near the same amounts.

LOL!!! Stuck in some sort of stress-induced trance, are you? Wake up, dumbshit. Immigrants pay all the same taxes that you pay. And while I'm at this, I'll just note that I pay WAY FUCKING MORE in taxes than some pussy-ass loser like you pays, so you can just just kiss my ass and lick my balls on that score, you worthless bigoted rube.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: PU9WP ()
Date: June 18, 2015 09:15PM

mk Wrote:
-------------------------------------------------------
> loan officer Wrote:
> --------------------------------------------------
> -----
> > math Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > can anyone do math?
> > >
> > > $400K means $80K down means you need to save
> > $1K
> > > for 80 months or almost 7 years for the
> > > downpayment
> > >
> > >
> > > $80K down means $320K loan which means you
> need
> > a
> > > $100K salary to qualify and your mortgage
> plus
> > bs
> > > will be about $3K a month
> >
> > Most people spend like niggas and don't even
> put
> > 5% down.
> >
> > 3.5% is all you need, granted you will be
> paying
> > PMI every month. So thats $14,000 down on a
> $400k
> > house or about $20k after closing costs. Yet
> > people who make $100k+ a year struggle and
> > struggle save $20k because they spend like
> crazy.
> >
> > Even further, if you are a first time home
> buyer
> > not earning a lot, there are grants that pay 3%
> of
> > the down payment, so you only need to bring a
> > whopping .5% down.
>
>
> 14K down on a 400K house means you finance 386K.
> you need a big income to pay that monthly
> mortgage.

Not really. That's about $2500/month. Considering a 2-3 bedroom apartment has roughly the same rent, that's still fairly low.

Assuming your mortgage is 50% your income at most, you need to bring in $60k/year to afford it. Most entry level IT jobs start at 60k...

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: loan officer ()
Date: June 18, 2015 09:21PM

mk Wrote:
-------------------------------------------------------
> loan officer Wrote:
> --------------------------------------------------
> -----
> > math Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > can anyone do math?
> > >
> > > $400K means $80K down means you need to save
> > $1K
> > > for 80 months or almost 7 years for the
> > > downpayment
> > >
> > >
> > > $80K down means $320K loan which means you
> need
> > a
> > > $100K salary to qualify and your mortgage
> plus
> > bs
> > > will be about $3K a month
> >
> > Most people spend like niggas and don't even
> put
> > 5% down.
> >
> > 3.5% is all you need, granted you will be
> paying
> > PMI every month. So thats $14,000 down on a
> $400k
> > house or about $20k after closing costs. Yet
> > people who make $100k+ a year struggle and
> > struggle save $20k because they spend like
> crazy.
> >
> > Even further, if you are a first time home
> buyer
> > not earning a lot, there are grants that pay 3%
> of
> > the down payment, so you only need to bring a
> > whopping .5% down.
>
>
> 14K down on a 400K house means you finance 386K.
> you need a big income to pay that monthly
> mortgage.

Taxes($4,000/year), insurance, principal, interest (4%), and PMI would be about $2,400~ per month. A big income is not needed, about $100k or between a couple $50k each, which is a peasants salary.

Realistically though, someone graduating high school would be renting a room or sharing an apartment. So a $400k home is irrelevant.

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Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: EVERYTHING TOO DAMN HIGH ()
Date: June 19, 2015 07:13AM

The need for a high salary is a problem-

So you expect a high school graduate, making say $10 an hour (or $20,800/year ASSUMING they get 40 hours a week FT) working at say, ABC retail store, to afford that $1400/month one bedroom or that $2500/month mortgage?

Ok- roommates. So their half of the $1750 2 bedroom (posted by "real world numbers" above) is still $875/month.

$10/hr grosses 1,600/month net (after taxes and MANDATORY OBAMACARE INSURANCE) roughly $1200 take home. Then they gotta eat, make it to work, etc.

If they are a college grad- lets say they get a starting salary of $40,000 (realistic, surveying some friends of mine). Ok, $3,333 monthly net, minus taxes, obamacare, and STUDENT LOANS- right back in the same boat having to get the roommate. STILL CANT AFFORD the 1 bedroom apartment by themselves.


So you expect us making <$50k to pull the money to pay that high rent out of our ass when the employers are not paying much of a starting salary? HAHAHAHHAHAHAHAHHAHAHAHHAHAHAHA!!!!

All the Boomers are thinking its still the 70s/80s when you COULD work at kemp mill records/whatever retail/$10 an hour job and afford a crummy studio in FAIRFAX COUNTY by yourself (my mom did!! She worked at a bank out of high school as a teller making $8 an hour back then and had her own apartment on columbia pike!!!)- it was tight but doable back then to work retail and still come up on a ghetto apartment.

Now, those ghetto apartments go for $1,400 a month MINIMUM and all the illegals are already living there 10 to a 2 bedroom so there is nowhere for us born americans to go thats low income so we MUST pay the higher rents to have a roof over our heads- even WITH a job we can't afford it point blank period!!!!

THIS IS THE PROBLEM!!! PAY MORE MONEY EMPLOYERS!!!!!

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Broke fag spotted ()
Date: June 19, 2015 07:48AM

If you're making $10 an hour you rent a room for $500 - $600 per month or a shittier 2 bedroom in PWC for $1,200 per month. Student loans are for poor people, what shit parents don't pay for their kids college? $40,000 is shit, your friends have worthless degrees or are just stupid, you can make that quite easily around here with a HS diploma.

People do just fine, it's time for you to make more money.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: DuwNj ()
Date: June 19, 2015 08:41AM

Broke fag spotted Wrote:
-------------------------------------------------------
> If you're making $10 an hour you rent a room for
> $500 - $600 per month or a shittier 2 bedroom in
> PWC for $1,200 per month. Student loans are for
> poor people, what shit parents don't pay for their
> kids college? $40,000 is shit, your friends have
> worthless degrees or are just stupid, you can make
> that quite easily around here with a HS diploma.
>
> People do just fine, it's time for you to make
> more money.


Please list me right now 10 jobs that pay over 40k with just a HS diploma.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Real world numbers ()
Date: June 19, 2015 08:42AM

EVERYTHING TOO DAMN HIGH Wrote:
-------------------------------------------------------
> THIS IS THE PROBLEM!!! PAY MORE MONEY EMPLOYERS!!!!!

This is the problem with modern American consumerism. It isn't just taxes, consumers have beeen indoctrinated into demanding lower prices on everything. Who was it that said "LOW PRICES...ALWAYS LOW PRICES"? Yeah, them. What people haven't caught onto is the fact that while they are indeed consumers, they are also producers, and that their attempts to benefit the consumer-self are only shooting the producer-self in the foot. There will be blowback and unintended consequences in such an approach. Welcome to the world of having painted yourselves into a corner. It's not really a happy place.

And don't think that they are done yet. Somebody out there s already telling ypu that high prices are the fault of excess government regulation -- like workplace and envioronmental safety standards. Money going to those things should really be going to corporate profits, don't you agree? Won't you please join us in voting for those candidates willing to take a stand and roll back those job-killing, price-inflating government regulations? Thanks for your support.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Real world numbers ()
Date: June 19, 2015 08:45AM

Oh, and the average rent for a studio/efficiency in Fairfax County is about $1275 per month. All-in all there are more than 70,000 rental units of various sizes in the county and the typical vacancy rate is around 7%.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: EVERYTHING TOO DAMN HIGH ()
Date: June 19, 2015 08:50AM

Real world-

Dont forget to mention Obamacare and the 30 hour mandate means plenty of people are only working part time now due to the employers not wanting to give hours and have to pay insurance for their employees!!! So people are forced to work 2 part time jobs instead of holding one full-time one.

Remember kids- not everyone has a college degree (yet!). College- yet another racket if you are not doing STEM (which I AM).

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Real world numbers ()
Date: June 19, 2015 09:32AM

EVERYTHING TOO DAMN HIGH Wrote:
-------------------------------------------------------
> Real world-
> Dont forget to mention Obamacare and the 30 hour
> mandate means plenty of people are only working
> part time now due to the employers not wanting to
> give hours and have to pay insurance for their
> employees!!! So people are forced to work 2 part
> time jobs instead of holding one full-time one.

Mostly myth and whiner rhetoric. People like Darden Restaurants experimented with expanding their already significant numbers of part-time workers and found that recruitment and retention costs exploded along with losses due to employee theft. Otherwise, companies claiming not to be able to afford health care now couldn't (or in many cases simply chose not to) afford it before either. Sob stories over PPACA turn out to be mostly manufactured nonsense at both the personal and corporate levels.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: broke fag spotted ()
Date: June 19, 2015 09:43AM

DuwNj Wrote:
-------------------------------------------------------
> Broke fag spotted Wrote:
> --------------------------------------------------
> -----
> > If you're making $10 an hour you rent a room
> for
> > $500 - $600 per month or a shittier 2 bedroom
> in
> > PWC for $1,200 per month. Student loans are for
> > poor people, what shit parents don't pay for
> their
> > kids college? $40,000 is shit, your friends
> have
> > worthless degrees or are just stupid, you can
> make
> > that quite easily around here with a HS
> diploma.
> >
> > People do just fine, it's time for you to make
> > more money.
>
>
> Please list me right now 10 jobs that pay over 40k
> with just a HS diploma.


With a few years of experience, $40k a year is doable working in...

- Courier service
- HVAC
- Electrical/plumbing
- Siding/roofing/windows installer
- Car dealership sales
- IT (with a few certs)
- Trash removal
- Parking control
- Leasing agent
- Legal Secretary
- Veterinary Technician


and many many more.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: 40k gets you nothing here ()
Date: June 19, 2015 01:32PM

40k gets you nothing in this area. That is how expensive this area has become.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: 40k earner ()
Date: June 19, 2015 02:07PM

fun_house-03.jpg

Here is what 40k will get you.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: mmath ()
Date: June 19, 2015 06:58PM

loan officer Wrote:
-------------------------------------------------------
> mk Wrote:
> --------------------------------------------------
> -----
> > loan officer Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > math Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > can anyone do math?
> > > >
> > > > $400K means $80K down means you need to
> save
> > > $1K
> > > > for 80 months or almost 7 years for the
> > > > downpayment
> > > >
> > > >
> > > > $80K down means $320K loan which means you
> > need
> > > a
> > > > $100K salary to qualify and your mortgage
> > plus
> > > bs
> > > > will be about $3K a month
> > >
> > > Most people spend like niggas and don't even
> > put
> > > 5% down.
> > >
> > > 3.5% is all you need, granted you will be
> > paying
> > > PMI every month. So thats $14,000 down on a
> > $400k
> > > house or about $20k after closing costs. Yet
> > > people who make $100k+ a year struggle and
> > > struggle save $20k because they spend like
> > crazy.
> > >
> > > Even further, if you are a first time home
> > buyer
> > > not earning a lot, there are grants that pay
> 3%
> > of
> > > the down payment, so you only need to bring a
> > > whopping .5% down.
> >
> >
> > 14K down on a 400K house means you finance 386K.
>
> > you need a big income to pay that monthly
> > mortgage.
>
> Taxes($4,000/year), insurance, principal, interest
> (4%), and PMI would be about $2,400~ per month. A
> big income is not needed, about $100k or between a
> couple $50k each, which is a peasants salary.
>
> Realistically though, someone graduating high
> school would be renting a room or sharing an
> apartment. So a $400k home is irrelevant.


you dumbasses need a personal finance class! no one is giving you a jumbo loan for 386K unless you make a big salary and have a bank account. if you do find a chump to give you a loan, the interest rate will be high.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Kelli ()
Date: June 19, 2015 07:07PM

DuwNj Wrote:
-------------------------------------------------------
> Broke fag spotted Wrote:
> --------------------------------------------------
> -----
> > If you're making $10 an hour you rent a room
> for
> > $500 - $600 per month or a shittier 2 bedroom
> in
> > PWC for $1,200 per month. Student loans are for
> > poor people, what shit parents don't pay for
> their
> > kids college? $40,000 is shit, your friends
> have
> > worthless degrees or are just stupid, you can
> make
> > that quite easily around here with a HS
> diploma.
> >
> > People do just fine, it's time for you to make
> > more money.
>
>
> Please list me right now 10 jobs that pay over 40k
> with just a HS diploma.


There are many jobs that do. Problem is the majority of your lazy, greedy I want it now generation lacks the patience and diligence required to become skilled enough in those fields to EARN the income.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Ummm... ()
Date: June 19, 2015 07:24PM

mmath Wrote:
-------------------------------------------------------
> you dumbasses need a personal finance class! no
> one is giving you a jumbo loan for 386K unless you
> make a big salary and have a bank account.

In Fairfax County, jumbo loans are those over $625,500.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Loan officer ()
Date: June 19, 2015 07:31PM

mmath Wrote:
-------------------------------------------------------
> loan officer Wrote:
> --------------------------------------------------
> -----
> > mk Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > loan officer Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > math Wrote:
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > > -----
> > > > > can anyone do math?
> > > > >
> > > > > $400K means $80K down means you need to
> > save
> > > > $1K
> > > > > for 80 months or almost 7 years for the
> > > > > downpayment
> > > > >
> > > > >
> > > > > $80K down means $320K loan which means
> you
> > > need
> > > > a
> > > > > $100K salary to qualify and your mortgage
> > > plus
> > > > bs
> > > > > will be about $3K a month
> > > >
> > > > Most people spend like niggas and don't
> even
> > > put
> > > > 5% down.
> > > >
> > > > 3.5% is all you need, granted you will be
> > > paying
> > > > PMI every month. So thats $14,000 down on a
> > > $400k
> > > > house or about $20k after closing costs.
> Yet
> > > > people who make $100k+ a year struggle and
> > > > struggle save $20k because they spend like
> > > crazy.
> > > >
> > > > Even further, if you are a first time home
> > > buyer
> > > > not earning a lot, there are grants that
> pay
> > 3%
> > > of
> > > > the down payment, so you only need to bring
> a
> > > > whopping .5% down.
> > >
> > >
> > > 14K down on a 400K house means you finance
> 386K.
> >
> > > you need a big income to pay that monthly
> > > mortgage.
> >
> > Taxes($4,000/year), insurance, principal,
> interest
> > (4%), and PMI would be about $2,400~ per month.
> A
> > big income is not needed, about $100k or between
> a
> > couple $50k each, which is a peasants salary.
> >
> > Realistically though, someone graduating high
> > school would be renting a room or sharing an
> > apartment. So a $400k home is irrelevant.
>
>
> you dumbasses need a personal finance class! no
> one is giving you a jumbo loan for 386K unless you
> make a big salary and have a bank account. if you
> do find a chump to give you a loan, the interest
> rate will be high.

Hey dumbfuck, $386k is no where near being a jumbo loan. If your credit is fair, you have made more than $80k a year for the past 2 years, have no other major debt and have $25k in the bank you can get an FHA loan at a reasonable rate for $386k, though you will be paying PMI.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: dumb ()
Date: June 19, 2015 10:45PM

Loan officer Wrote:
-------------------------------------------------------
> mmath Wrote:
> --------------------------------------------------
> -----
> > loan officer Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > mk Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > loan officer Wrote:
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > > -----
> > > > > math Wrote:
> > > > >
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > >
> > > > > -----
> > > > > > can anyone do math?
> > > > > >
> > > > > > $400K means $80K down means you need to
> > > save
> > > > > $1K
> > > > > > for 80 months or almost 7 years for the
> > > > > > downpayment
> > > > > >
> > > > > >
> > > > > > $80K down means $320K loan which means
> > you
> > > > need
> > > > > a
> > > > > > $100K salary to qualify and your
> mortgage
> > > > plus
> > > > > bs
> > > > > > will be about $3K a month
> > > > >
> > > > > Most people spend like niggas and don't
> > even
> > > > put
> > > > > 5% down.
> > > > >
> > > > > 3.5% is all you need, granted you will be
> > > > paying
> > > > > PMI every month. So thats $14,000 down on
> a
> > > > $400k
> > > > > house or about $20k after closing costs.
> > Yet
> > > > > people who make $100k+ a year struggle
> and
> > > > > struggle save $20k because they spend
> like
> > > > crazy.
> > > > >
> > > > > Even further, if you are a first time
> home
> > > > buyer
> > > > > not earning a lot, there are grants that
> > pay
> > > 3%
> > > > of
> > > > > the down payment, so you only need to
> bring
> > a
> > > > > whopping .5% down.
> > > >
> > > >
> > > > 14K down on a 400K house means you finance
> > 386K.
> > >
> > > > you need a big income to pay that monthly
> > > > mortgage.
> > >
> > > Taxes($4,000/year), insurance, principal,
> > interest
> > > (4%), and PMI would be about $2,400~ per
> month.
> > A
> > > big income is not needed, about $100k or
> between
> > a
> > > couple $50k each, which is a peasants salary.
>
> > >
> > > Realistically though, someone graduating high
> > > school would be renting a room or sharing an
> > > apartment. So a $400k home is irrelevant.
> >
> >
> > you dumbasses need a personal finance class!
> no
> > one is giving you a jumbo loan for 386K unless
> you
> > make a big salary and have a bank account. if
> you
> > do find a chump to give you a loan, the
> interest
> > rate will be high.
>
> Hey dumbfuck, $386k is no where near being a jumbo
> loan. If your credit is fair, you have made more
> than $80k a year for the past 2 years, have no
> other major debt and have $25k in the bank you can
> get an FHA loan at a reasonable rate for $386k,
> though you will be paying PMI.


you're the dumbfuck, the topic was about a HS grad buying a $400K house. very few recent grads make $80K a year for 2 years and even fewer can save a downpayment while paying rent. jerkoff loan officers of past convinced people they could afford ridiculous mortgages which is why there were so many foreclosures when the economy crashed. new college grads cannot afford a cell phone payment and will never buy a house even with no student loan payments. get your head out of your ass and see the reality.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: loan officer ()
Date: June 20, 2015 11:26AM

dumb Wrote:
-------------------------------------------------------
> Loan officer Wrote:
> --------------------------------------------------
> -----
> > mmath Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > loan officer Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > mk Wrote:
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > > -----
> > > > > loan officer Wrote:
> > > > >
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > >
> > > > > -----
> > > > > > math Wrote:
> > > > > >
> > > > >
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > >
> > > > >
> > > > > > -----
> > > > > > > can anyone do math?
> > > > > > >
> > > > > > > $400K means $80K down means you need
> to
> > > > save
> > > > > > $1K
> > > > > > > for 80 months or almost 7 years for
> the
> > > > > > > downpayment
> > > > > > >
> > > > > > >
> > > > > > > $80K down means $320K loan which
> means
> > > you
> > > > > need
> > > > > > a
> > > > > > > $100K salary to qualify and your
> > mortgage
> > > > > plus
> > > > > > bs
> > > > > > > will be about $3K a month
> > > > > >
> > > > > > Most people spend like niggas and don't
> > > even
> > > > > put
> > > > > > 5% down.
> > > > > >
> > > > > > 3.5% is all you need, granted you will
> be
> > > > > paying
> > > > > > PMI every month. So thats $14,000 down
> on
> > a
> > > > > $400k
> > > > > > house or about $20k after closing
> costs.
> > > Yet
> > > > > > people who make $100k+ a year struggle
> > and
> > > > > > struggle save $20k because they spend
> > like
> > > > > crazy.
> > > > > >
> > > > > > Even further, if you are a first time
> > home
> > > > > buyer
> > > > > > not earning a lot, there are grants
> that
> > > pay
> > > > 3%
> > > > > of
> > > > > > the down payment, so you only need to
> > bring
> > > a
> > > > > > whopping .5% down.
> > > > >
> > > > >
> > > > > 14K down on a 400K house means you
> finance
> > > 386K.
> > > >
> > > > > you need a big income to pay that monthly
> > > > > mortgage.
> > > >
> > > > Taxes($4,000/year), insurance, principal,
> > > interest
> > > > (4%), and PMI would be about $2,400~ per
> > month.
> > > A
> > > > big income is not needed, about $100k or
> > between
> > > a
> > > > couple $50k each, which is a peasants
> salary.
> >
> > > >
> > > > Realistically though, someone graduating
> high
> > > > school would be renting a room or sharing
> an
> > > > apartment. So a $400k home is irrelevant.
> > >
> > >
> > > you dumbasses need a personal finance class!
> > no
> > > one is giving you a jumbo loan for 386K
> unless
> > you
> > > make a big salary and have a bank account.
> if
> > you
> > > do find a chump to give you a loan, the
> > interest
> > > rate will be high.
> >
> > Hey dumbfuck, $386k is no where near being a
> jumbo
> > loan. If your credit is fair, you have made
> more
> > than $80k a year for the past 2 years, have no
> > other major debt and have $25k in the bank you
> can
> > get an FHA loan at a reasonable rate for $386k,
> > though you will be paying PMI.
>
>
> you're the dumbfuck, the topic was about a HS grad
> buying a $400K house. very few recent grads make
> $80K a year for 2 years and even fewer can save a
> downpayment while paying rent. jerkoff loan
> officers of past convinced people they could
> afford ridiculous mortgages which is why there
> were so many foreclosures when the economy
> crashed. new college grads cannot afford a cell
> phone payment and will never buy a house even with
> no student loan payments. get your head out of
> your ass and see the reality.


Get your money up, son. Maybe you will get some pussy and be happier.


Read my previous post slower this time,

"Realistically though, someone graduating high school would be renting a room or sharing an apartment. So a $400k home is irrelevant."

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: wh ()
Date: June 20, 2015 01:22PM

loan officer is what is wrong with the people in this county. smug attitude does nothing to help the plight of this new generation. btw not a male and don't need to get laid

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: Dumber ()
Date: June 21, 2015 07:49AM

dumb Wrote:
-------------------------------------------------------
> Loan officer Wrote:
> --------------------------------------------------
> -----
> > mmath Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > loan officer Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > mk Wrote:
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > > -----
> > > > > loan officer Wrote:
> > > > >
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > >
> > > > > -----
> > > > > > math Wrote:
> > > > > >
> > > > >
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > >
> > > > >
> > > > > > -----
> > > > > > > can anyone do math?
> > > > > > >
> > > > > > > $400K means $80K down means you need
> to
> > > > save
> > > > > > $1K
> > > > > > > for 80 months or almost 7 years for
> the
> > > > > > > downpayment
> > > > > > >
> > > > > > >
> > > > > > > $80K down means $320K loan which
> means
> > > you
> > > > > need
> > > > > > a
> > > > > > > $100K salary to qualify and your
> > mortgage
> > > > > plus
> > > > > > bs
> > > > > > > will be about $3K a month
> > > > > >
> > > > > > Most people spend like niggas and don't
> > > even
> > > > > put
> > > > > > 5% down.
> > > > > >
> > > > > > 3.5% is all you need, granted you will
> be
> > > > > paying
> > > > > > PMI every month. So thats $14,000 down
> on
> > a
> > > > > $400k
> > > > > > house or about $20k after closing
> costs.
> > > Yet
> > > > > > people who make $100k+ a year struggle
> > and
> > > > > > struggle save $20k because they spend
> > like
> > > > > crazy.
> > > > > >
> > > > > > Even further, if you are a first time
> > home
> > > > > buyer
> > > > > > not earning a lot, there are grants
> that
> > > pay
> > > > 3%
> > > > > of
> > > > > > the down payment, so you only need to
> > bring
> > > a
> > > > > > whopping .5% down.
> > > > >
> > > > >
> > > > > 14K down on a 400K house means you
> finance
> > > 386K.
> > > >
> > > > > you need a big income to pay that monthly
> > > > > mortgage.
> > > >
> > > > Taxes($4,000/year), insurance, principal,
> > > interest
> > > > (4%), and PMI would be about $2,400~ per
> > month.
> > > A
> > > > big income is not needed, about $100k or
> > between
> > > a
> > > > couple $50k each, which is a peasants
> salary.
> >
> > > >
> > > > Realistically though, someone graduating
> high
> > > > school would be renting a room or sharing
> an
> > > > apartment. So a $400k home is irrelevant.
> > >
> > >
> > > you dumbasses need a personal finance class!
> > no
> > > one is giving you a jumbo loan for 386K
> unless
> > you
> > > make a big salary and have a bank account.
> if
> > you
> > > do find a chump to give you a loan, the
> > interest
> > > rate will be high.
> >
> > Hey dumbfuck, $386k is no where near being a
> jumbo
> > loan. If your credit is fair, you have made
> more
> > than $80k a year for the past 2 years, have no
> > other major debt and have $25k in the bank you
> can
> > get an FHA loan at a reasonable rate for $386k,
> > though you will be paying PMI.
>
>
> you're the dumbfuck, the topic was about a HS grad
> buying a $400K house. very few recent grads make
> $80K a year for 2 years and even fewer can save a
> downpayment while paying rent. jerkoff loan
> officers of past convinced people they could
> afford ridiculous mortgages which is why there
> were so many foreclosures when the economy
> crashed. new college grads cannot afford a cell
> phone payment and will never buy a house even with
> no student loan payments. get your head out of
> your ass and see the reality.

Nothing to say. Just wanted to get in on the take up lots of space in the thread for no reason craze.

Options: ReplyQuote
Re: WELCOME ALL RECENT HIGH SCHOOL GRADUATES TO THE REALITY OF TWO THOUSAND DOLLAR A MONTH RENTS AND MEDIAN 400K HOME PRICES!
Posted by: UHbGH ()
Date: June 22, 2015 05:06PM

Just do the best you can, you all will be fine and there are cheaper places to live than in this region.

Options: ReplyQuote


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