(d) A lender may not exercise its option pursuant to a due-on-sale clause upon--, (1) the creation of a lien or other encumbrance subordinate to the lender's security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances; (3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) the granting of a leasehold interest of three years or less not containing an option to purchase; (5) a transfer to a relative resulting from the death of a borrower; (6) a transfer where the spouse or children of the borrower become an owner of the property; (7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property; (8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or (9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

Ashley Sommer In my experience, the lender places more weight on your total household income as well as your longevity with your employer.

The CA version appears to require a licensed mortgage originator on all loans, including seller financing, to owner occupants (personal/family/household loan) but does not require a LMO to create seller financing to an investor buyer (commercial loan).

As to whether or not I think someone making $380,000 a year "should shoulder the burden of carrying others via this tax system," that is a much touchier subject and it would be impossible to avoid politics.At first glance that amount seems like a lot, but then I look at data that shows there are over 145,000 households that bring in $1,500,000+ a year (top 0.1% of households).

Does anyone believe that it is possible that housing prices may take a hit if household income can't keep pace with rising housing costs in those areas?

i see many financially independent and wealthy households in atlanta move to florida particularly in the tampa bay area in west coast florida.

Median household income is $172K.

or is Cleveland average household using a lot of water for a specific purpose that I am not aware of? 

A range of housing types are envisioned including low and mid-rise stacked flats, townhouses, lofts and microunits offering a variety of choices to cater to different lifestyles and household sizesThe MDP proposes to take advantage of the proximity to transit to reduce the need for car ownership and to create opportunities for a walkable neighborhood.

Wifey and I have a plan for once we switch from a one income to a two income household, with a big part of that plan being to purchase more rentals.