Pugh eyes council despite looming foreclosure

[gnome]

from another thread on this same topic:

So if he has a $300K mortage at 8.5% he is paying around $2,800 a month on the note. Another $300 in Association dues and a $1000 a month in taxes ... that's $4,100 a month

If Charles some how can save his condo from foreclosure he'll be on the hook for a chunk of dough and his $80 grand salary might not cover his expenses.

http://www.paycheckcity.com/copaycyc...CalcResult.asp

His weekly take home will be a little over a $1000 or about $4,100 a month.

What is not included in that monthly note is insurance. So his $4,100 a month on the condo note, taxes and association dues is more like $4,600 a month. Of course that is before any utilities ... think another $150 for gas and electric and Charles needs about $4,800 a month just to keep the place going. No food, no clothing or entertainment. No gasoline or car insurance. No toothpaste or toilet paper.

QUESTION:
If you needed at least $4,800 a month for housing, would you then campaign for a job that let's you take home $4,100?

Is that common sense?

[jt1]

from another thread on this same topic:



What is not included in that monthly note is insurance. So his $4,100 a month on the condo note, taxes and association dues is more like $4,600 a month. Of course that is before any utilities ... think another $150 for gas and electric and Charles needs about $4,800 a month just to keep the place going. No food, no clothing or entertainment. No gasoline or car insurance. No toothpaste or toilet paper.

QUESTION:
If you needed at least $4,800 a month for housing, would you then campaign for a job that let's you take home $4,100?

Is that common sense?

Point takenand I agree 100%. His taxes, however are significantly lower since it is an NEZ property.