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  • superman Oct 24, 11:39 a.m.

    mom account-- your math is kinda bad. 1/2 of 414k is not 110K. You made a lot of assumptions. Anyway some people just dont know how to manage their money and that resulted in the financial crises we are now having. My house and 3 cars are paid for and we have no credit card debt. Even though we are retired we are able to save a significant part of our retirement income.

  • Lightfoot3 Oct 23, 11:34 a.m.

    "This is nothing new, they are called Duplexes." - shortcake53


    "Back in my day this was called a duplex." - paultaylorsr100


    "These are nothing new. they are called "duplexes"." - sidecutter


    Y'all beat me to it! Nothing but duplexes. But I do have this brand spanking new invention, that makes moving things easier. It's sort of round. I'm going to call it a wheel.

  • Mon Account Oct 23, 10:40 a.m.

    "At $420,000 it is dirt cheap and affordable. Is Obama paying for this? I am retired but does the average person make enough to afford this along with 3 SUV's, couple cell phones, cable tv, utilities and food? I am sure with a govt loan it has a zero downpayment. We dont need more foreclosurers and people living beyond their means."
    superman

    Obama is not paying. Where did you get that idea?

    Based on just the numbers in the article, the house is below the average price per square foot in Raleigh.

    For those working, as you mentioned being retired, the median income in Wake County is just shy of 62,000. Assuming paying for 1/2 of the house (about $110k), that is more than enough to cover the mortgage - at an average house loan (10% down, 30 years, 5%) the mortgage is less than one paycheck (assuming bi-weekly paychecks). Many elderly parents can sell their old house, pay for the other half completely or in a significant amount, and hopefully the rest isn't blown on cars and luxuries

  • shortcake53 Oct 23, 8:54 a.m.

    This is nothing new, they are called Duplexes. Up north they have Double houses, with one being above the other.

  • superman Oct 22, 7:03 p.m.

    At $420,000 it is dirt cheap and affordable. Is Obama paying for this? I am retired but does the average person make enough to afford this along with 3 SUV's, couple cell phones, cable tv, utilities and food? I am sure with a govt loan it has a zero downpayment. We dont need more foreclosurers and people living beyond their means.

  • storchheim Oct 22, 6:31 p.m.

    Are these the houses that are being snapped up left and right and causing the housing recovery in time for the election?

  • paultaylorsr100 Oct 22, 6:28 p.m.

    Hmmmm. Back in my day this was called a duplex. What's so special about this one is it has a dividing door. Duhhhhh.

  • heelsrule Oct 22, 6:23 p.m.

    A friend of mine designed her own home about 50 years ago with a separate 1 br 1 bath apartment in her home for her family. It had separate entrances with a connecting door between the 2 units. This isn't a new idea!

  • sidecutter Oct 22, 6:23 p.m.

    These are nothing new. they are called "duplexes".

  • baritalia Oct 22, 6:21 p.m.

    Any chance of getting the video from this report online? I'd love to send it to my parents and I think it would be more effective for them to see the report as opposed to reading text.

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