But when it cratered oh man.. these folks had no reserves they could not afford a simple turn over they were totally under capitalized and as we know turn key operators in those days did not sell A and B class so the assets just did not perform on a razor thin budget and then the defaults happened.. and there you go the ugly cycle.

They can't afford an escalating late fee. 

The podcasts have been thoroughly informative and entertaining while driving to and from work. 

She can no longer afford the $970 mortgage payment (That includes property taxes and insurance).

However the one staying has to show proof of income that they are still able to afford the rental amount without the roommate.

I could, however, rent it seemingly for the long term and still come out ahead each month with the higher loan amount post-cash out, so affordability wouldn't be an issue.

I am not completely broke but what I can afford is mainly marketing myself.

The money situation worked out like this:New loan payment on Seattle house goes from 2300 to 2900 a month, 4 bedroom 2 bath houses are renting for 2900-3000 a month around where I live (3 miles from microsoft).I pickup the new house payment at around $3300 a month, something I can afford and will put some sweat equity into to force appreciate it a bit over time. 

In that scenario, people will not be able to afford every day items let alone real estate.

I'm trying to build some extra cash flow with wholesaling so I can afford down payments on property's.