by Patrick ➕follow (55) 💰tip ignore
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Hopefully Trump wont let the ghost inventory be manipulated to keep the market artificially inflated. Like a certain So & So did the last time.
Even better the federal government should borrow the money to do it.
Perhaps you meant vastly improve the finances of the federal govt?
Time for a tax cut!
I'm ready for the next down turn. Plan on buying a vacation home/rental.
if I got a job that paid less than I had before, they would have put money in every month to make up for the discrepancy.
MrBark saysif I got a job that paid less than I had before, they would have put money in every month to make up for the discrepancy.
I didn't quite catch this part: they would pay you the difference between your old and your new salary? This sounds too outrageous even for CA. Can you explain in more details?
Let's say you make $100k a year. You are used to making $100k a year and paying your $2600 mortgage payment, which is around 35-40% of your net income.
You become unemployed via layoff (didn't get fired or quit your job). New job you find pays you $70-80k a year – now your mortgage payment is closer to 45-50% of your net and that can be seen as a stretch for affordability. Since the program's key goal is to keep your in your home and to avoid foreclosure, Keep Your Home California program will kick in a percentage of extra money toward your payment each month based on your new lower income.
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