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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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To: staytrue

you raise an interesting point there. I have also observed this kind of housing behavior whereby multiple wage earners contribute to the rent/mortgage. This seems reasonable except you end up watching the standard of living for everyone go down as a result because: A.) the neighbors now have a flop house next door and B.) rental agencies can charge higher rent than a traditional nuclear family can afford soooo, the traditional nuclear family has to look for less of a home to rent or they have to do as the immigrants have done and invite another family into their home which was never designed to house more than one family.


37 posted on 10/25/2009 11:55:41 AM PDT by RC one
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