Sing Ed, sing like a canary

[quote author=ketchim link=topic=76354.msg470656#msg470656 date=1357319700]
Folks , using 40 % total debt service ratio (TDS)

PLEASE calculate the Household Income required to SERVICE this debt .

Ask for hints , IF needed.....thx 
[/quote]
You should be teaching Ed! He needed to know this. And he  is un-educated, and he misinformed the people. Get this straight...I am not the problem here...not sure why you are trying to attack me, and my posts.

Seems like you are obsessed with my posts...not sure why.

Hint :

700 000 Mortgage at 12.5 % :

5 year Term , 25 year amortization

$ 7, 469 .oo Monthly  !

Add property Taxes....say 331 per mth

$ 7 , 800 !!

add Heat and Hydro , for that size house say , 200 / mth

$ 8,000 per month  TO live there 

AND you have NOT paid for Cable , Telephone ...

Nor Car Lease or auto Insurance ...

Yuh nah buy Grocery , yet ....

“We are innocent victims of the economic frenzy and implosion that America is going through,” said Kawal Totaram, a real estate lawyer and friend of Mr. Ahmad’s.


Remember this name.... ::LOL:: ::LOL::

[quote author=SCA link=topic=76354.msg470659#msg470659 date=1357319906]
You should be teaching Ed! He needed to know this. And he  is un-educated, and he misinformed the people. Get this straight...I am not the problem here...not sure why you are trying to attack me, and my posts. 
[/quote]

AND then there are Azzholes who blame ED !!! hahahahahaha  ::LOL:: ::LOL::

and wants Us to remember the Lawyers name ....wwwaaaahhhhh

Simple interest calculation is quite impressive.

Expense itemization, moreso, for it supposes that the people conform to some arbitrary standard of living.

But the Density of Fraud needs a good review.

[quote author=ketchim link=topic=76354.msg470667#msg470667 date=1357320206]
AND then there are Azzholes who blame ED !!! hahahahahaha  ::LOL:: ::LOL::

and wants Us to remember the Lawyers name ....wwwaaaahhhhh
[/quote]

and talking about Fraud ......

Spongy, respectfully, your hatred for me clouds your ability to see that it is not me, but the Federal government, and Mr. saha and Mr. Husain who has problem with Ed...all I want for Ed is justice!

Now I would request that you look at the facts and stop being a fool, and an old one at that. You are lookin' mighty stupid right now.