« on: January 24, 2013, 04:25:07 AM »
I'm gonna try and be there. If not ill send some plastic with Harold
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
If you could take the front nine of SMP and the back nine of Legacy, then you have a fun course!,
That house is way overpriced right now considering the neighborhood median income is $30,994.
Using this formula, you can tell if a house is overpriced or not:
90% of Monthly Repayment / (70% of Neighbor's Income / 12 Months)
If the answer is over 20%, then the house is overpriced. In this example the Percent of Average Monthly Income of Neighbors for this house is a whopping 36%
657*0.9 / ((30994*0.7)/12) = .36
Considering all this, This house should, more appropriately, be priced at or under $76,000 that would be a monthly payment of $356 (76000*.00469)
356*0.9 /((30994*0.7)/12) = .20
I ordered 60 Degrees and Sunny so we will see if my order is processed in time for the event