[Only registered and activated users can see links. ]
--
"All my time I spent in heaven
Revelries of dance and wine
Waking to the sound of laughter
Up I'd rise and kiss the sky" - The Mekons
cc wrote:
> JD wrote:
>> G.T. wrote:
>>> [Only registered and activated users can see links. ]
>>
>>
>> La Canada, eh? Does a dollar go further there too?
>>
>> JD
>>
>
> Le Canada. It's a boy.
"cc" <[Only registered and activated users can see links. ]> wrote in message news:ep67kh$ek8$[Only registered and activated users can see links. ]...
> cc wrote:
>> JD wrote:
>>> G.T. wrote:
>>>> [Only registered and activated users can see links. ]
>>>
>>>
>>> La Canada, eh? Does a dollar go further there too?
>>>
>>> JD
>>>
>>
>> Le Canada. It's a boy.
>
> oh, you really did mean La Canada. my bad.
La Canada is definitely a chick. And isn't Canada a chick, too? Motherland
or vaterland?
But anyway as I researched my soon to be former home I came up with an
interesting tidibit of information. The median family income is around
$125,000 here while the median home price is around $1.5 million.
How does a family which brings home around at most $8400 a month after taxes
pay a mortgage plus taxes plus insurance of approximately $8300?
G.T. wrote:
>
> How does a family which brings home around at most $8400 a month after taxes
> pay a mortgage plus taxes plus insurance of approximately $8300?
>
G.T. wrote:
> "cc" <[Only registered and activated users can see links. ]> wrote in message news:ep67kh$ek8$[Only registered and activated users can see links. ]...
>> cc wrote:
>>> JD wrote:
>>>> G.T. wrote:
>>>>> [Only registered and activated users can see links. ]
>>>>
>>>> La Canada, eh? Does a dollar go further there too?
>>>>
>>>> JD
>>>>
>>> Le Canada. It's a boy.
>> oh, you really did mean La Canada. my bad.
>
> La Canada is definitely a chick. And isn't Canada a chick, too?
No. Ever heard a song called "a la canada" ? Just doesn't quite have the
same ring . . .
Motherland
> or vaterland?
>
> But anyway as I researched my soon to be former home I came up with an
> interesting tidibit of information. The median family income is around
> $125,000 here while the median home price is around $1.5 million.
>
> How does a family which brings home around at most $8400 a month after taxes
> pay a mortgage plus taxes plus insurance of approximately $8300?
>
> Greg
>
>
"Ride-A-Lot" <[Only registered and activated users can see links. ]> wrote in message
news:[Only registered and activated users can see links. ] ...
> G.T. wrote:
>>
>> How does a family which brings home around at most $8400 a month after
>> taxes pay a mortgage plus taxes plus insurance of approximately $8300?
>>
>
> Interest only loan.
Even better, negative amortization loans. Love those creative financial
vehicles out there, nothing like getting further and further behind every
month.
G.T. wrote:
> "cc" <[Only registered and activated users can see links. ]> wrote in message news:ep67kh$ek8$[Only registered and activated users can see links. ]...
>> cc wrote:
>>> JD wrote:
>>>> G.T. wrote:
>>>>> [Only registered and activated users can see links. ]
>>>>
>>>> La Canada, eh? Does a dollar go further there too?
>>>>
>>>> JD
>>>>
>>> Le Canada. It's a boy.
>> oh, you really did mean La Canada. my bad.
>
> La Canada is definitely a chick. And isn't Canada a chick, too? Motherland
> or vaterland?
>
> But anyway as I researched my soon to be former home I came up with an
> interesting tidibit of information. The median family income is around
> $125,000 here while the median home price is around $1.5 million.
>
> How does a family which brings home around at most $8400 a month after taxes
> pay a mortgage plus taxes plus insurance of approximately $8300?
>
Median is also not the same as mean, and says nothing of the shape of
the distribution of home values/incomes.
Five $100k homes and six $1.5M homes have the same median value as six
$1.5M homes and five $5M homes.