Edwin Pawlowski wrote:
> "Nancy Young" > wrote in message
>>
>> Okay, and I'm saying I followed the guidelines, no more mortgage
>> then

Ahhh!! I can't believe my fingers typed 'then' ... for shame.

>>1 1/2 times annual income and didn't look at houses more than
>> that because I didn't want to overextend myself. The bank didn't
>> have to tell me, and we could have afforded more house than we
>> bought.

> Along the same lines, I bought a new car about 18 months ago. I
> looked at some higher priced models and decided against them. It was
> just a decision to not put out an additional $100 to $200 a month
> more. Now that my heating bill is up $250 a month next season, it
> was a good decision.

I've had debt over the years, nothing major, but it made every time
rif talks sprang up very stressful. It was much more relaxing not
worrying my job would go away in a few months and I couldn't pay
my Visa.

> Used to be if you bought as much house as you could afford, a year or
> two later you were making more money and it was easier to pay the
> mortgage. With other cost rising so fast, that is no longer a very
> likely scenario. Given the crazy rate of home inflation, I'm not so
> sure I could afford to buy my house today in spite of the fact my
> income is triple what is was when I bought it 27 years ago.

I haven't the vaguest idea how people are paying these mortgages
of hundreds of thousands. Then you find out that they work at the
supermarket. Dang.

nancy