Yeah, but again reduced by mortgage interest deduction which is probably 400-550 per month. So we're back to about $1,500 monthly cash outlay, let's give 'em $125/week for food and incidentals.
So this couple needs maybe $2K month cash income, $24K per year. Let's say before tax income is $35K for TWO people (and THAT'S TOO GENEROUS).
Looks like these two got a $214K "no doc" mortgage with an income not much more than official U.S. poverty levels.
They should go to www.salary.com and look for (apparently) low-skill and/or sales jobs to meet their financial needs. Even your basic retail sales job pays $24K in Chicago. If they both work retail, they can pay their bills AND put money on the bank.
Um...you don’t expect them to pay utilities, gasoline, or food??
$125 a week is $500/mo. I don’t know where you live, but utilities alone might come damn close to that...add another $200 to put gas in the car...another $150 to insure the cars...and they haven’t eaten yet.