Lake Martin Topics: A question for lake home buyer
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Name:   cobra The author of this post is registered as a member - Email Member
Subject:   A question for lake home buyer
Date:   7/27/2006 7:18:31 PM

First I would like to know how a comman man can buy lake property if he has to buy today. I have looked into purchasing property on lake martin and I have come to the conclusion that I will never be able to afford . Here is my calculation
Loan amount: $800,000.00
Term (months): 240 months
Interest rate: 6%
Monthly payment: $5,731.45
Total Payments: $1,375,547.63
Interest paid: $575,547.63
Tell me who makes that kind of money other than doctors and lawyers and a few business owners?.
I will forcast that if lake martin real estate keeps with its current trend then comman working class people will have to take a second job in order to pay the taxes.
Other messages in this thread:View Entire Thread
A question for lake home buyer - cobra - 7/27/2006 7:18:31 PM
     A question for lake home buyer - ridgeman - 7/27/2006 7:45:35 PM
          A question for lake home buyer - cobra - 7/27/2006 8:22:12 PM
     A question for lake home buyer - JIM - 7/27/2006 7:46:55 PM
          Or - roswellric - 7/27/2006 7:54:46 PM
          JIM.....NADA! - noagenda - 7/27/2006 7:58:09 PM
               JIM.....NADA! - Edge - 7/28/2006 7:42:49 AM
     A question for lake home buyer - Feb - 7/27/2006 8:08:04 PM
          A question for lake home buyer - jawjagal - 7/27/2006 8:27:01 PM
          A question for lake home buyer - cobra - 7/27/2006 8:40:51 PM
               A question for lake home buyer - Feb - 7/27/2006 9:22:31 PM
                    A question for lake home buyer - cobra - 7/27/2006 9:50:31 PM
     A question for lake home buyer - Maverick - 7/27/2006 9:01:36 PM
     A question for lake home buyer - boataholic - 7/28/2006 6:50:52 AM
     A question for lake home buyer - CranBob - 7/28/2006 9:42:49 AM
     A question for lake home buyer - dagwood - 7/28/2006 11:25:47 AM
     to afford that type of home... - SandyCreekman - 7/28/2006 2:23:14 PM
          to afford that type of home... - boataholic - 7/28/2006 4:52:41 PM
               what about... - jawjagal - 7/28/2006 5:04:44 PM
                    what about... - ridgeman - 7/28/2006 6:53:30 PM
                    Wedowee and other lakes - AUCATZ - 7/29/2006 8:59:17 AM
                         Wedowee and other lakes - cobra - 7/29/2006 9:33:53 AM
                              Lakes have a pecking order - MotorMan - 7/30/2006 4:54:17 PM
                                   Lakes have a pecking order - Osms - 7/30/2006 8:18:09 PM
                                        Lakes have a pecking order - Feb - 7/30/2006 9:58:52 PM
                                             Lakes have a pecking order - MotorMan - 7/31/2006 6:22:52 AM
     A question for lake home buyer - BamaBob3 - 7/31/2006 10:02:48 AM
          A question for lake home buyer - Feb - 7/31/2006 10:20:48 AM
               A question for lake home buyer - Tallyman - 7/31/2006 2:31:47 PM
               A question for lake home buyer - BamaBob3 - 7/31/2006 4:31:41 PM
                    A question for lake home buyer - Feb - 7/31/2006 4:51:21 PM
                         we do not have for 2006. - Feb - 7/31/2006 4:58:14 PM
                         A question for lake home buyer - Maverick - 7/31/2006 6:23:21 PM
                              Thanks Maverick - Feb - 7/31/2006 7:32:50 PM
                                   Feb & Maverick - Osms - 7/31/2006 10:06:16 PM
                                        Feb & Maverick - Feb - 7/31/2006 10:29:49 PM
                                        OSMS - Maverick - 7/31/2006 10:34:23 PM
                                             Calculator Website - Maverick - 7/31/2006 10:35:34 PM
                                                  Thank You Sir, Its Now Marked - Feb - 7/31/2006 11:01:25 PM


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