ST Alpha - "assuming a 10% down payment, that's at the outer limits of acceptable, but it's not too unreasonable." (Reading a Post)

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In response to "fave quote: "Since the brothers make about $45,000 a year each, they are now shopping for a $500,000 apartment. " wtf?" by loosilu

assuming a 10% down payment, that's at the outer limits of acceptable, but it's not too unreasonable.

Posted by mafic Jun 8 '09, 08:58

assuming they don't have much else in the way of debt.

Responses:

except you haven't factored in the monthly fees (which in NYC are staggering). -- nm - loosilu Jun 8, 09:02 1
- and by "outer limits of acceptable" that's seriously pushing it, and it's exactly how a lot of foreclosures have happened. -- nm - loosilu Jun 8, 09:03
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