Relevant:
- Bank of America Offers Principal Reductions to 200,000 Homeowners
- What is the median household income in the US? A crisis spanning multiple generations and the taboo of household income.
- Plummeting Income Shaves Household Cash
- If a lender gives a mortgage with a payment triple a borrower’s income, who do we blame the foreclosure on?
- Affordable rental housing scarce in U.S., study finds
2010-02-07 — doctorhousingbubble.com
``First, you will need a household income of $154,000 (nearly twice the average for the city) to qualify for the loan. Next, your monthly housing payment (PITI) is going to come out to be $3,600. But did you notice that the above rental is going for $2,150? ''
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