How Do You Manage To Make Enough Money To Buy A Home?
A home similar to the modest 3 bedroom 2 bathroom home that I grew up in duriing the 1960s in west San Jose, California recently sold for a little over $1,200,000.
My mortgage broker told me that I would need an annual income of at least $230,000 to qualify for the home and $250,000 cash for the down payment and closing costs.
When I was a kid my father purchased an almost identical home in that neighborhood when it was new for $27,000 when he was making only $5,000 per year, and only had $7,000 for the down payment.
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How do yo manage to make enough money and save enough money to buy a home?
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November 27th, 2009 at 8:43 am
I live in an area where home prices are reasonable.
November 27th, 2009 at 8:43 am
You could always move to a more affordable market.
November 27th, 2009 at 8:43 am
You need a good scam. There is no way that anyone can make that amount of money legitimately.
One of the best scams that I have heard of is the one that Al Gore came up with.
Al Gore sells bogus carbon credits to dumb rich people who want to be able to live in their huge mansions and waste energy without feeling guilty.
I heard that Al Gore will make hundres of millions of dollars from this.
You need to do the same, otherwise you will never be able to buy a house.
November 27th, 2009 at 8:43 am
Become a lawyer or a doctor or someone that gets a lot of money
November 27th, 2009 at 8:43 am
ROTH Ira. They gain interest and are withdrawn after taxes meaning you can take it out whenever you want without penalty. Thats how I saved enough money for a new truck.
November 27th, 2009 at 8:43 am
looks like you have two options, you can either downsize and look for something a little bit cheaper or get a second job….good luck and from experience don’t jump on the first house you like, take your time and make sure its the one you want because after you buy your gonna be there a long time most likely. ya know
November 27th, 2009 at 8:43 am
Well I have an idea, how you can make some extra money. If you seriously interested email me at emmanuelfleming@yahoo.com I will do my best to get back in contact with you in 24 hours and share with you something you can do.
Wish you the best
Emmanuel J. Fleming