> Sguros [the cop] claimed he spent at least $214,000 of his own money on the home.
If he spent so much, why not just buy his own house? The house in the article is nothing special to look at.
If he spent so much, why not just buy his own house? The house in the article is nothing special to look at.
> You have to count the total amount you will pay on the mortgage.
Yes. That's what I was counting, I have spent less than $214k on my house, repairs and mortgage.
Your comment after that was edited:
> A house price is a house price, you can't say it's only 20%.
What are you talking about? The question is could he have afforded a house for $214k, and the answer is yes. Houses in that area don't cost a minimum of $1 million, even the house he attempted to steal wasn't worth that much.
The only thing I can think of is he is using extremely suspect math and a lot of that 214k comes from "sweat equity" billed at a ridiculous rate. Otherwise he'd easily be able to afford a mortgage in that area with 214k down.