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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Romney’s deduction cap wo... » Reply #9

Response to Lasher (Reply #6)

Wed Oct 3, 2012, 02:13 PM

9. Your numbers are completely WRONG

500k mortgage at 4% interest rate is roughly $2400/month payment.

At 36% of monthly gross, income would be $7000/month or 84k per year.

The median housing price in San Francisco is 705k.

Anyway, I think it's pretty bad to post false numbers in order to falsely make people with 500k mortgages out to be wealthier than they often actually are.

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Texas Lawyer Oct 2012 OP
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