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View Diary: It's not personal, it's just business (127 comments)

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  •  Yeap (13+ / 0-)

    I'm not looking for a corporate jet and a ten million dollar retirement account. A tiny piece of property with a one room mobile home, reliable healthcare, and an efficient reliable car would do fine for me as long as I'm single. Those sound like unreachable luxuries at this point.

    I could do that for 50K and the only reasons I want to own the property is so I won't get kicked out into the street when I'm too old or too sick to work. Plus a payment on that would be about half what I'm paying in rent for a studio cracker box now.

    My experience has been you will not qualify for a 50K loan no matter what your history when you're middle-aged making 12 bucks an hour, not without a well off cosigner or collateral worth way more than 50K.

    •  Aging homeowners risk losing (5+ / 0-)

      Homes they own 100% to property taxes if they live long enough.  Will be forced to sell and spend proceeds on medical and high rents.

      The 1% want it all even the gold fillings.

      But the biggest loss, other than life, will be driven to hate

      We must not let them steal our dignity.

      It's difficult to be happy knowing so many suffer. We must unite.

      by War on Error on Sun Jun 16, 2013 at 08:52:37 PM PDT

      [ Parent ]

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