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To: gaijin

The other day on KSFO radio in San Francisco, they had conservative author guest, and he related the case of an illegal alien berry picker whose annual income was $16,500 and bought as house priced at $750,000.

This was about one year ago.

So that would make for a person who devoted EVERY dollar of income to paying off the house (without interest) for fifty years.

FIFTY YEARS.


17 posted on 10/25/2009 11:09:27 AM PDT by gaijin
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To: gaijin
an illegal alien berry picker whose annual income was $16,500 and bought as house priced at $750,000.

How much was a down payment and maybe it was a house that housed 7 berry pickers with a combined income of 110,000 a year, and without more facts, this could be a very good performing loan.

24 posted on 10/25/2009 11:26:29 AM PDT by staytrue
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