October 19, 20205 yr 5 hours ago, Gannan said: Replace the sitting man with Cuomo and it would be more accurate or better yet CCP President.
October 19, 20205 yr 12 minutes ago, paco said: How is that a counter point to source of income? because the distressed/rundown property as originally priced in 1974 was within a price range of a Senator's salary, which was in the $45k range in 1974. It was purchased for $185k, no idea how much he put down but say the mortgage was $150k. Average rate for mortgage was 9% in 1974. Monthly payment would be $1,200. Base monthly income for a Senator is 3x that. It's pretty tight assuming no other means of income than his senate salary, but it's not impossible. Marrying Jill supplemented income further, throw in time value of money and it's really not that ridiculous to believe he could afford to buy an underpriced property, spend two decades improving it, and selling it for a nice profit. He was sold in 1996. So he hasn't lived there in almost 25 years.
October 19, 20205 yr 14 minutes ago, JohnSnowsHair said: because the distressed/rundown property as originally priced in 1974 was within a price range of a Senator's salary, which was in the $45k range in 1974. It was purchased for $185k, no idea how much he put down but say the mortgage was $150k. Average rate for mortgage was 9% in 1974. Monthly payment would be $1,200. Base monthly income for a Senator is 3x that. It's pretty tight assuming no other means of income than his senate salary, but it's not impossible. Marrying Jill supplemented income further, throw in time value of money and it's really not that ridiculous to believe he could afford to buy an underpriced property, spend two decades improving it, and selling it for a nice profit. He was sold in 1996. So he hasn't lived there in almost 25 years. While I would suggest that 4 times your salary for a distressed property that would require tens of thousands in renovations is out of your price range, you did not answer how tax records is a sound counterpoint.
October 19, 20205 yr 8 hours ago, NVeagle said: Replace the sitting man with Cuomo and it would be more accurate or better yet CCP President.
October 19, 20205 yr 30 minutes ago, paco said: How is that a counter point to source of income? you're gonna have to contact mrs. krassenstein directly. i only copy/paste memes for likes.
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