3 ms·
I want to jump in on this because of the hookworm topic as I'm located near Alabama. The Huffington Post article on Hookworm cites a homeowner that pays a mort
by smileysteve 8y ago
I want to jump in on this because of the hookworm topic as I'm located near Alabama.
The Huffington Post article on Hookworm cites a homeowner that pays a mortgage for a mobile home on land that has a broken septic system. Unfortunately for the inequality argument, the article cites utility and mortgage costs that are higher than if the homeowner were to move to a different (newer or more permanent building on a different lot.
https://www.theguardian.com/us-news/2017/sep/05/hookworm-lowndes-county-alabama-water-waste-treatment-poverty https://www.theguardian.com/us-news/2017/sep/05/hookworm-low...
Rudolph has a $611/mo mortgage payment and $300 electricity costs -- on a trailer on a "campsite" (non appreciating asset, especially when considering the hazmat of broken septic systems).
Perusing Zillow, there are many newer, larger, permanent structures, on land, ranging from 20k-150k (read $150-$600 month mortgages on appreciating property). Alabama also has a 3% downpayment step up grant program for households w/ less than $97k of income.
Is this an affordable option on $1,200 month income (plus social security in 3 years,) maybe not, but it's probably more affordable than fixing a septic system on land she doesn't own and a house falling apart - and indicates rentals, especially between Lowndes Co and Montgomery or Atlanta would be viable, healthier options.