If you bought the home today and needed to sell it a year or two later, you'd have a home that will have depreciated along with a shortage of available buyers due to limited financing options.

Deion what is your current lifestyle level??

We pay to play" Its the SF Bay Area "lifestyle" that is unequaled ( I may get some comments here ;o))I am persistent,committed, and have the fortitude of an ox!

My wife and I are members with Lifestyles Unlimited.

I've just grown skeptical of the Fannie process so I've moved on to non-Fannie deals.I believe the Fannie deals are going at a premium to account for the special financing terms (lower LTV ratios and ability to finance more properties than the usual Fannie limit).

I also think that this does probably limit people who do not like dogs from applying.This summer we had a unit open and this nice couple came to see it.

Dana is correct, Fannie, Freddie, USDA, FHA and VA will assume to be QM following those respective guidelines.Ratios can still go to 50% with compensating factors and there are exemptions for regulated lenders where the assumption will be made that a mortgage falls in the QM guidelines or they may originate a high risk mortgage with limiting loan conditions.

Lots of business people that go through foreclosure and/or BK seem to maintain very fine lifestyles.

There are tons of people who know more than me, but I'll share from my limited experience.

I have been working in the corporate world for 10+ years.I have a desire to own my own business and create a lifestyle where I can spend more time with my family while still working hard.