El Paso home foreclosure filings triple

Full story: El Paso Times 18
Home foreclosure filings more than tripled in El Paso in January, new data shows. Full Story
Real Life

El Paso, TX

#1 Feb 12, 2009
It's simple.....when they artificially run up the price of a home and jack up the taxes, you won't be able to make the payments on your home.
Confused

El Paso, TX

#2 Feb 12, 2009
Today's EP Times headlines:
1. El Paso ranks 9th nationally in job growth
2. El Paso home foreclosure filings triple
Something don't add up.

“"El Narco-Santo"”

Since: Jun 08

Culiacan, Mexico

#3 Feb 12, 2009
but how can this be??!!!! according to another bs article run yesterday el paso had incredible job growth!! oh yeah...7.50 per hour job growth... sorry...
Leaders

San Diego, CA

#4 Feb 12, 2009
And yet our city government approves the building and development of hundreds of new homes. Just wait until reality hits and you can watch your home values drop. Wait a few months more to buy a home, prices will begin to slide. If your selling, good luck. Out of work? start applying at those min. wage jobs you thought your too good for, becuase in a couple of weeks you'll find that even those jobs are gone. Currently employed? Start making yourself invaluable becuase the ax has started to swing around here also. Rich? not for long...
Real Life

El Paso, TX

#5 Feb 12, 2009
Average income of family of 4 in El Paso equals about 30,000.

Average Price of Home in El Paso about
140,000 + about $2500 annual property tax and $700 Homeowners insurance Equals monthly house payments of about $1100. or roughly $13,000. per year.

$30,000
- Mortgage payment (13000+)
- payroll tax (1800+)
- sales taxes (200+)
- car payment (3600+)
- health insurance (1000+)
- water bill (600+)
- electric bill (700+)
- gas bill (300+)
- phone bill (500+)
- Auto Insurance (500+)
==========

Even at the extremely low bare bones bills above, it will take $22,200 of the typical $30,000 income.

leaving a grand total of $7800 for food, clothing, gasoline, home repairs, school expenses, cable, internet, recreation.

Is there ANY wonder foreclosures are rising.

Leaders

San Diego, CA

#6 Feb 12, 2009
Real Life wrote:
Average income of family of 4 in El Paso equals about 30,000.
Average Price of Home in El Paso about
140,000 + about $2500 annual property tax and $700 Homeowners insurance Equals monthly house payments of about $1100. or roughly $13,000. per year.
$30,000
- Mortgage payment (13000+)
- payroll tax (1800+)
- sales taxes (200+)
- car payment (3600+)
- health insurance (1000+)
- water bill (600+)
- electric bill (700+)
- gas bill (300+)
- phone bill (500+)
- Auto Insurance (500+)
==========
Even at the extremely low bare bones bills above, it will take $22,200 of the typical $30,000 income.
leaving a grand total of $7800 for food, clothing, gasoline, home repairs, school expenses, cable, internet, recreation.
Is there ANY wonder foreclosures are rising.
Very well done. Race you to the welfare and food stamps office...ready...set...GO!
MADASHELL

El Paso, TX

#7 Feb 12, 2009
Well folks, with the recent figures on the El Paso Housing market and the tripling of foreclosures, the CAD has no valid argument or reason to increase our homes' values!
I bet they'll find some cockamamie reason to try and justify increasing our values though!
Leaders

San Diego, CA

#8 Feb 12, 2009
How do we get government to listen to their citizens again? Take a page from history. Rome.
FEDUP

El Paso, TX

#9 Feb 12, 2009
I'll tell you one thing, the CAD better not try and BS it's way to increasing my property value!
There is no justifying any increases, period!
Oh, sorry folks, they do have to justify keeping their jobs, and continue being government leeches!
Melinafan

El Paso, TX

#10 Feb 12, 2009
My home and my a$$ are for sale.
Team Uribe

Mexico

#11 Feb 12, 2009
Homes are cheaper time to buy!
Helen

El Paso, TX

#12 Feb 12, 2009
Leaders wrote:
How do we get government to listen to their citizens again? Take a page from history. Rome.
That may be coming sooner than we realize.
Bubba

El Paso, TX

#13 Feb 12, 2009
Melinafan wrote:
My home and my **** are for sale.
How much for your ass Melinafan?
El Paso Realtor

El Paso, TX

#14 Feb 13, 2009
The industry does so many surveys, all you do is pick the ones with the best results. They say homes prices have increased by 5%, but yet if you bought a home in the last few years, you couldn't sell it. I just want to know where they are getting there data. Yes I am a license realtor and I know that the statistics they throw out is bogus.
dated

United States

#15 Feb 13, 2009
since El Paso lags behind in just about everything nationally, give it some time,,,,when everyone else is beginning to recover, we will be the ones suffering. Be prepared.
keith g

Albuquerque, NM

#16 Feb 13, 2009
Real Life wrote:
Average income of family of 4 in El Paso equals about 30,000.
Average Price of Home in El Paso about
140,000 + about $2500 annual property tax and $700 Homeowners insurance Equals monthly house payments of about $1100. or roughly $13,000. per year.
$30,000
- Mortgage payment (13000+)
- payroll tax (1800+)
- sales taxes (200+)
- car payment (3600+)
- health insurance (1000+)
- water bill (600+)
- electric bill (700+)
- gas bill (300+)
- phone bill (500+)
- Auto Insurance (500+)
==========
Even at the extremely low bare bones bills above, it will take $22,200 of the typical $30,000 income.
leaving a grand total of $7800 for food, clothing, gasoline, home repairs, school expenses, cable, internet, recreation.
Is there ANY wonder foreclosures are rising.
i was wondering why i'm going out less and still don't have moola!
private sector

El Paso, TX

#17 Feb 13, 2009
the only job growth in el paso is at the city, psb,epwu,episd, and any other of the worthless civil service jobs. job growth figures should only
relate to the private sector. i bet nearly all the foreclosures are private sector people. i doubt any are civil service. civil service never makes cuts in jobs or lowers anything.
liars

El Paso, TX

#19 Feb 16, 2009
Our city council and the times are lying about how "good" things are in Hell Paso.

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