Comments by "Crime Stoppers" (@crimestoppers1877) on "Shark, Barbara Corcoran says HOME PRICES WILL EXPLODE!.... Come ON Barb!" video.

  1. It is interesting to watch a local public school as students arrive. The statistic says that the 70% of the students qualify for free meals ( breakfast, lunch, holidays and during the summer vacation months). I don't know how so many of these "poor" students arrive at school in late model SUV's and pick up trucks? I guess their parents are using 8 year car loans?
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  2. I am thinking about how a buyer with the minimal income and 1% down + closing? Just typical preventive maintenace costs would be more than the low interest mortgage payments. Owners like these buyers would be the demise of many well kept neighborhoods. If you really cannot afford the house, it might be more prudent in spending habits, save more money for a larger down payment. IMHO a minium of 20% down payment with periodic additional monthly payments on the remainng principal balance can save you from paying 2-3 times original mortgage which is embedded in the interest rate. I don't think anyone should risk a mortgage longer than 15 years. There are many pitfalls with having a mortgage balance on your property.
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