Do you just spout off any sort of nonsense that comes into your mind without thinking?
Median price for homes in Phoenix (a large city hard hit by the foreclosures in a right-to-be-fired state with no rent controls) is $199,000. The 25th percentile home is $155000. Getting a 5% 30 year loan there would require (at a conservative guess) $3200 a month, <http://www.mortgage101.com/qualifying-calculator/155000/estimate/estimate/estimate/85022/5/30/15000/30/36> Minimum Wage in Arizona is $7.65 an hour. at 40 hours a week, 52 weeks a year, presuming your boss doesn't simply shaft you on holiday pay, that's $15,915 a year, or $1326 a month. Two adults both working full time wouldn't make enough to qualify. If one of them gets laid off or sick,the house just goes right back into the pile of foreclosures, and them on the street. On May 30, 2012, at 4:53 PM, Francis Drouillard wrote: > Wow! Those making minimum wage can buy a home if they work hard enough. In > fact, that goal is easier for them to achieve in right-to-work states without > rent control. > > Minimum wage laws hurt the young and unskilled workers. > > On May 30, 2012, at 5:52 AM, richardsan wrote: > >> the map pretty much sums it up. foreclosures are a boon to rental property >> owners. somebody is making lots of dough. >> war on the middle class by the wealthy important to you, now...? >> http://wepartypatriots.com/wp/2012/05/29/wow-in-no-state-is-a-40-hour-minimum-wage-work-week-enough-to-afford-a-two-bedroom-apartment/ >> > > > -- > You received this message because you are subscribed to the Google Groups > "StrataList-OT" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]. > For more options, visit this group at > http://groups.google.com/group/stratalist-ot?hl=en. -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
