Wednesday, July 4, 2012

I told the applicants "No". It wasn't hard. They had made the ultimate mistake of purchasing two cars recently. Their debt to income ratio just didn't cut it. They were looking at  45% of income to live in my house. I felt I was doing them a favor turning them down before they got in over their heads. I felt like I should give them  a friendly lecture about finance and affordability, but I resisted and just said I "regretted they did not qualify due to the income/ expense ratio."

Haven't received any other inquiries at this time but it is Fourth of July weekend. People are vacationing and partying. I am hopeful that in the next few weeks I will find someone else. As I said before houses are sitting five months before selling, and that is with a limited supply of houses for sale on the market. Everyone is being cautious, including me.

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