How to afford a new house
How much money has Uncle Sam spent on New Orleans and the Gulf region since Hurricane Katrina ripped the place apart?.... The grand total is $127 billion (including tax relief). That's right: a monstrous $127 billion....
Perhaps all this money should've been directly deposited in the bank accounts of the 300,000 people living in New Orleans. All divvied up, that $127 billion would come to $425,000 per person! After thanking Uncle Sam for their sudden windfall, residents could head to Southern California and buy homes that are now on sale thanks to the sub-prime mortgage crisis and bid up the sagging house prices in the state.
I don't think you'd get much for your money in Southern California. You could, however, get a decent house in Delaware.
In flyover country, you could probably buy two houses with the money.
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2 comments:
There are two houses on my block for sale: with $425,000 you could buy both of them and have enough left over for a brace of Mercedes-Benz S-Class sedans.
CG: See what I mean? Houses are cheaper in the middle of the country.
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