Here are the number of consumers with new foreclosures according to the Federal Reserve’s most recent Household Debt and Credit Report:2003: 203,320 (earliest reported numbers)2009: 566,180 (at the valley of the crash)Today: 76,480Foreclosures today are less than 40% of what they were in 2003.4.

Most people rented or lived together in multi-generational households; the burgeoning birth population coupled with massive immigration didn't result in massive homeownership changes.

If we go back to being a 2-car household, I'll load up the RAV4 again.

@Eric Castelli and @Max Householder beautiful!

So are you using median house hold income versus median sale price of SFR as the comparison?  

.), the annual site lease in the case of leasehold tenure and 50% of applicable condominium fees, shouldn’t represent more than 32% of your gross household income (Gross Debt Service (GDS) ratio).

The current median home price in Atlanta is $182,100 and median household income is $55,733 making our HI ratio at 3.26.  

I live with my gf in her house so this is the only household in my name (lender would not go for an llc).

thank you very much Karen.I will make contact with them tomorrow and see what they say.I have made a complete turn around and now the sole supporter of a 4 family household which is tough. that's why the supplemental income would help with my initial investment.thank you for your feedback and advice!

I see a lot more headwinds (Chinese economy, oil prices in oil states, credit market turmoil) than tailwinds (household creation/job growth, consumer spending).