Post by
dart321 on Feb 15, 2023 3:37pm
New Data Numbers
If a person bought a house last year at about this time, on a 700k mortgage payments would have been 2400 bucks now that mortgage is going to cost you a payment of 4200 bucks per mth. I wonder how many average families can afford an additional 1800 buck never mind about increased costs of food to feed the family or gas for the cars. We are heading for an economic disaster this year and into next and nobody can hide from it. ugggggg
Comment by
up2005 on Feb 15, 2023 7:33pm
Add to that scenario the household invested $ 20,000.00 into MLCL hoping/planning to turn that into $ 50,000 to help pay down the mortgage, BUT instead the 20K turned into 0K and now the house will be put up for sale. The management consulting fees sure would have helped out. They walk away with a big fat bank account and leave the retail shareholder screwed over.