The 9.9 Percent Is the New American Aristocracy

Re:The 9.9 Percent Is the New American Aristocracy by LyndsySimon on Monday May 28, 2018 @11:40PM (#17176294)

Relative to your income.

My home was about $120k. It’s easily affordable on a tech industry salary. The median household income in my county is under $30k...

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Re:The 9.9 Percent Is the New American Aristocracy by hndamien on Tuesday May 29, 2018 @12:09AM (#17176427)

Ahh, so you mean the debt owns you, not the house per se.

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Re:The 9.9 Percent Is the New American Aristocracy by AnimalMuppet on Tuesday May 29, 2018 @04:53PM (#17182840)

I'm not jacob019, who originally made the comment, but as I understand it, the point was not the debt. The point was the maintenance. When the basement floods, it's my problem, not the landlords. When the attic fan fails (I was surprised that attics had fans), it's my problem. When the driveway concrete starts to buckle, it's my problem.

In that sense, the house owns you, not the other way around.

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Re:The 9.9 Percent Is the New American Aristocracy by jacob019 on Tuesday May 29, 2018 @11:14PM (#17184774)

this.

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Re:The 9.9 Percent Is the New American Aristocracy by hndamien on Wednesday May 30, 2018 @10:26AM (#17187893)

That’s what I thought you meant at first, hence my size comment.

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Re:The 9.9 Percent Is the New American Aristocracy by LyndsySimon on Tuesday May 29, 2018 @02:05PM (#17181567)

Is this just a general comment about mortgages? As it stands, my mortgage is significantly less than most people's as a proportion of my income.

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