case: (Default)
Case ([personal profile] case) wrote in [community profile] fandomsecrets2012-11-19 05:26 pm

[ SECRET POST #2148 ]


⌈ Secret Post #2148 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.

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Notes:

Secrets Left to Post: 04 pages, 080 secrets from Secret Submission Post #307.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ], [ 1 2 3 4 - doing a bit of troll-weeding ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

(Anonymous) 2012-11-20 03:35 am (UTC)(link)
You do realize that after buying said house one still has to usually make payments and upkeep, right?

(Anonymous) 2012-11-20 10:34 am (UTC)(link)
I think "make payments" is possibly an Americanism I don't understand. What payments do you need to keep making on a house you already own? That come in in the tens of thousands of dollars a year?

(Anonymous) 2012-11-20 02:29 pm (UTC)(link)
Almost no one is going to be able to buy a house outright, especially on a $100,000 year income. You make a down payment of 20 percent or more and then take out a loan for the rest. The loan period is typically 30 years. Many houses in the US are "underwater" which means people owe more on them than they are worth. For example, my loan was taken out when my house was worth $200,000. I took a $160,000 loan for a 30 year time period. I pay about $200 towards the loan and %900 towards interest, insurance and taxes each month. It's worth $115,000 in today's market. I don't make $100,000 a year and it takes a significant portion of my monthly take home pay. Plus you have to add all the utility bills, the upkeep and maintenance, it gets expensive.

(Anonymous) 2012-11-22 03:34 am (UTC)(link)
I am in the same boat.

It sucks so hard. I'm sorry I decided to buy during the damned bubble we didn't know would be a bubble.