In todays housing market, the question of “how do I buy a house” ? is being asked constantly… more specifically, here in the Inland Empire we have a whole county of people with low incomes and poor credit and no savings… so, how are these poor souls supposed to buy houses ?
I am starting to think that the “American Dream” of buying a house of your own is just a bunch of bull. I think that too many people who could not afford this American Dream were duped into thinking they could buy a house of their own and live happily ever after.
Here is a question. When a husband and wife go talk to a real estate agent, and ask him/her the big questions, “Can we buy a house” and “How much house can we afford”…
If the agent says, yes, you can buy a house, and you can afford x amount… here just call my buddy the loan broker…
Then they call the loan broker, and he says, what is your credit score ? 640, no problem… how much do you make ? $10 per hour … no problem… how much can you put down ? nothing… NO PROBLEM…
You can afford a $400,000.00 home!
Whose fault is that really ? Are Americans really expected to be that smart ? Is there a warning on the hair dryer, warning the smart American not to place the electric hair dryer in the bathtub ?
I am disgusted with all this… don’t even know what to think anymore… there is blood in the streets in the housing market, and anyone or anything connected with it…
ManDrake
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