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<blockquote data-quote="skyhightree1" data-source="post: 994228" data-attributes="member: 13268"><p>Brute the 6k was his closing cost money he had saved up. He has 3 kids and pays a good amount for rent and he hasn't been evicted out of his place. Brute I understand what you are saying but in the land of dreams are you saying because he does not have the saved capital he should not be a home owner ? Banks are out to make money with every investment you make there is a risk associated with it. I mean if banks are not going to be reasonable and lend are we really moving ahead ? It sounds like to me banks want a guaranteed way to make sure they don't loose money. I do agree not everyone is cut out to be a home owner but the man makes in the 40k's a year and can't get a home built.His mortgage will be less than what he pays in rent a month its crazy everything is out of whack. His house and land total was 156,000 basically cheap in this day and age its not like it was a 300k home which to me its insane.</p></blockquote><p></p>
[QUOTE="skyhightree1, post: 994228, member: 13268"] Brute the 6k was his closing cost money he had saved up. He has 3 kids and pays a good amount for rent and he hasn't been evicted out of his place. Brute I understand what you are saying but in the land of dreams are you saying because he does not have the saved capital he should not be a home owner ? Banks are out to make money with every investment you make there is a risk associated with it. I mean if banks are not going to be reasonable and lend are we really moving ahead ? It sounds like to me banks want a guaranteed way to make sure they don't loose money. I do agree not everyone is cut out to be a home owner but the man makes in the 40k's a year and can't get a home built.His mortgage will be less than what he pays in rent a month its crazy everything is out of whack. His house and land total was 156,000 basically cheap in this day and age its not like it was a 300k home which to me its insane. [/QUOTE]
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