It’s different this time

Assuming you have no other debt or expenses and aren’t responsible for paying income taxes then…

Me to him: so you’re making 45k a year and you want to originate a loan?

just spend 42% of your income bro

20% down on that $550K is $110k. Who making $85K / year has $110k in the bank and no other expenses? All true facts tho.

I’m more triggered that he’s using a marker that’ll bleed through the pad

Assuming you pay zero taxes, have zero utility expenses and other bill.

I thought I recognized this guy so I googled him. Apparently he's been sued by the SEC.

$0 other expenses is a great and very reasonable assumption everyone should start from

My mortgage is about 25% of net and that’s the most I’d ever be comfortable with

The current housing market is being run by people who make their paper notes with a dry erase marker. We are in good hands.