05-24-2008, 06:39 PM
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#13
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Hall of Fame Poster
Join Date: Aug 2006
Location: Boston
Posts: 25,169
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Re: Housing woes mount for Rep. Laura Richardson
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Richardson bought the 1,600-square-foot home in Sacramento's desirable Curtis Park neighborhood for $535,500 in January 2007. It was sold at auction earlier this month to a Sacramento mortgage lender who paid $388,000, according to the Sacramento County Recorder's Office.
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Ouch. She makes $150k a year, how can she not afford to hang on to that home? Even at no money down, her note would be $2,680ish a month, plus taxes & insurance. She makes $12,500 a month in salary.
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