Arksansas - Where it's a crime to not pay rent.

[dfrecore]

The entire mortgage payment PITI on a $90,000 house is under $500. So anyone can afford one at $16,000 a year income. The GOV will classify that person as living in poverty - but are they really living in poverty just because the gov says so?


Your chance of foreclosure is much lower in AR vs CA.

There is no way anyone making $16,000/yr is getting a loan to buy a $90k house anywhere.  $500/mo out of $1300/mo gross pay is ridiculous.  And then, how in the world would they pay for anything else - water heater goes out, leaky roof, plumbing problem - and you are screwed without the money to fix any of these minor problems.

I'm going to say that if you want to buy a $90k house, you should probably be making a least $30k.  Now, a married couple could make that much on minimum wage just about anywhere, so not a problem.  But saying you could buy a house making $16k is pretty silly.