Cross posted from Discuit
It’s kind of scary that 3 weeks is all it took for them to list their home.
It’s kind of scary that 3 weeks is all it took for them to list their home.
The neighbor is part of the (in 2019) 51%.
“Most Working Americans Would Face Economic Hardship If They Missed More than One Paycheck”
And on top of that for most government workers their paychecks have been remarkably stable. Assuming you’ll always be employed plus easy credit and bad financial habits are a bad combination
Man, that’s tragic. I was poor most of my early life, and when I finally started to make enough money to be comfortable, I knew that the thing I couldn’t do was fall into the lifestyle trap. Living well below my means saved me so much hardship when things weren’t going well. I know that many don’t ever get to the point of comfortable, though, and there’s a bit of luck and effort, to that.
I wish we could do that. Renting and buying houses today makes it incredibly difficult to live very far below your means.
Bet he also had a $100k truck parked in front of that home. Bought with a loan with 12% interest
12% is pretty insane for an asset that depreciates as fast as a vehicle does.
My first car had a 23% interest rate on the loan. I had no credit history and was relying on people I thought knew enough about car buying with me to help me know if I was getting shafted. That dealership has remained on my do not buy list ever since, even after changing ownership due to the previous owners practices of fraud
Doesn’t seem likely unless he was renting. Even if you miss one mortgage payment, your bank can’t take your house that fast. If he was renting, he might have been threatened with eviction and chose to leave.
Doesn’t seem likely unless he was renting. Even if you miss one mortgage payment, your bank can’t take your house that fast.
If it was posted for sale it likely wasn’t a foreclosure that fast. Perhaps the owner did the math and saw very quickly that they wouldn’t be able to keep up with the mortgage, or no longer had any reason to live in that city because they were there only for the job. With the job gone, the need of the house in that city goes with it. I’m just speculating.
_portrait.jpg){kind=link}