Comments on: RSF Summer Stats

By: The Blur

The Blur — Thu, 03 Sep 2009 19:49:08 +0000

You crack me up, Dwip. Well said!

By: IRE

IRE — Thu, 03 Sep 2009 19:23:29 +0000

All of the people featured are on VERY precarious financial footing (except possibly for the guy in Maine who bought the triplex and is renting the rest of it out). I especially like the couple in Virginia who couldn’t come up with a $9,000 downpayment and readily admit they can’t currently afford the full $1,900 payment after the rate reset!

By: JordanT

JordanT — Thu, 03 Sep 2009 14:58:10 +0000

Which means they are DISQUALIFIED for the full $8K if any.

They aren’t married so if one of them makes less than $75K then they can get the tax credit. So, if one made $50K and the other made $200K they’d be able to claim the tax credit.

By: Local Boy

Local Boy — Thu, 03 Sep 2009 04:18:42 +0000

Crane operator is not a bad gig–I had heard they can easily make $250K+ if they own thier rig and stay fairly occupied.

By: tj and the bear

tj and the bear — Thu, 03 Sep 2009 01:31:34 +0000

The idea that these multi-million dollar homes are being purchased mostly with cash fits, since super-jumbo financing is scarce and/or too damned troublesome and there are certainly 26 people out there that are appropriately loaded.

sdbri’s point is a great one, too. On the high end the homes generally constitute a fraction of people’s net worth, as opposed to the low end where it dwarfs most.

By: Dwip

Dwip — Thu, 03 Sep 2009 01:05:36 +0000

I think it’s good that crane operators and hair stylists are buying three-quarters of a million dollar homes. It restores my confidence in the true nature of most people’s ability to understand financial issues.

By: Smithers

Smithers — Thu, 03 Sep 2009 00:33:57 +0000

Her noobs look fake in the photo?

By: Jim the Realtor

Jim the Realtor — Wed, 02 Sep 2009 23:20:37 +0000

They look fake in the photo too.

By: sdbri

sdbri — Wed, 02 Sep 2009 23:14:07 +0000

I call BS on the shill story. Their neighbor’s house is $1.2 million. Even if their own house is 1/2 that, they’d need more than $150K in combined income to afford the payments with FHA. Which means they are DISQUALIFIED for the full $8K if any. Of course, this being a fake story they were never qualified in the first place. Noobs.

By: vegas nrba

vegas nrba — Wed, 02 Sep 2009 22:17:25 +0000

thought this was funny:

What I bought with my $8,000 tax credit

http://money.cnn.com/galleries/2009/real_estate/0908/gallery.first_time_homebuyers/3.html

Love the crane operator buying the $750k house in Cali that needs the $8k credit.