67000 wage = a loan of 153,000 only, page-20

I forgot to add, I was not shooting the messenger, in the prior post

now as an afterthought, if the banks were so stupid to lend, and the wannabee buyer to buy under those atrocious circumstances
and the borrower gets the express privelige of paying the lenders mortgage insurance to boot...which only protects the banks, not the borrower when everything goes bust...
as it would...
with no savings to back him up, and a job loss...it has to go belly up
in fact it is soo unbelievable...

than I am likely to up the selling price on my props...

no wonder prices are not dropping if this is the case...

and no wonder there is no retail therapy...