Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: camle
50k over 6 years only comes out to a bit over 8k a year. And a 161k mortgage is less than $1000/month at 6%. Not out of the ballpark as far as a monthly expense is concerned.
8 posted on 09/29/2004 1:49:16 PM PDT by USMC-EOD (I vote Republican- if only just to p1ss off Michael Moore)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: USMC-EOD; dead

i don't think sargeant majors in the army (do we even HAVE that rank?) earn enough to qualify for that amount of mortgage, let alone retired ones.

and your mortgage figures are way off - you're not including tax/insurance escrow, etc.. i bet the monthly on the 161k is closer to 1.5k when you let reality enter the pic. the 50K mortgage for the repairs is probably another 500 per month. that's a lot for a guy on a military pension.

my guess is that he's been rather successful since his army days and that the reported conveniently neglects this in order to garner more empathy for the guy.

that said, the concept of driving people out of their houses for recreational purposes is abhorrent to me. In CT they think that the public good is determined by who can pay the most taxes on a piece of land - and the owners dont' really count. they're trying to evict families in order to turn the property over to a major pharmeceutical company. that is just plain wrong if ya ask me.


11 posted on 09/29/2004 1:55:44 PM PDT by camle (keep your mind open and somebody will fill it with something for you))
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson