> So the mortgage might be $1,500, but the bank needs $2,300 monthly or whatever because they don't trust most people to keep up with insurance and taxes on their own.

Guys.

Both of these things are part of a mortgage payment in almost all cases. Property taxes are paid on your behalf by the lender, and is included as part of your mortgage payment. You're almost always required to hold homeowners insurance (and not just the minimum policy) while you have a loan.

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Insurance doesn't pay for maintenance on stuff like a new roof or boiler. That's normal wear and tear that you're expected to pay for as the home owner.

I remember when there was a bridge crossing from the southbound side. They would speed trap on that thing.

As someone that was in Job Corps more than 20 years ago, I think it is a good program for those that are motivated.

Also, I don't know what is available here in Maine, but taking one of the trades is a great path forward for a good living, especially with the clear lack of them today.

>You got $5k-$8k sitting around for a boiler? $20k for a roof?

Not sure why you're asking me, but yes, I have enough money in the bank to pay for both of those things out of pocket. I'm not a renter though.

> Banks want to know the property will continue to be kept valuable till they get all their money back.

Reasonable, but (1) that is why they require home insurance and, (2) that doesn't make it reasonable to tell someone they "can't afford" a mortgage payment that's significantly lower than the rent they're already paying.

Yes, home maintenance costs money, but someone who's paying $2,500 for rent can save quite a bit of money every month if their mortgage is going to be $1,500. And while those big expenses you're talking about do happen, they're rare, and generally foreseeable. You don't just suddenly need a new roof, if the house is going to need a new roof, generally everybody is aware of that going into the purchase.

And if a surprise expense does pop up that the homeowner can't cover, there are options including home equity loan, HELOC, potentially the home insurance, etc.

And honestly, owning a home is a big part of the reason why I do have money in the bank to cover those kinds of expenses. If I had to try to rent an equivalent place, or even a smaller one, I'd be saving a lot less each month.

You can’t it’s not political! When people stop buying the prices come down until then your out of luck!

This is a naive statement.

Could be someone else hit it, they didn't want it and Ta Daa was able to get the deer and tag from game warden

The rent v mortgage thing is understandable in that the bank is going to most likely require insurance and taxes to be paid in escrow. So the mortgage might be $1,500, but the bank needs $2,300 monthly or whatever because they don't trust most people to keep up with insurance and taxes on their own. And that's without getting into long term maintenance costs

The coast guard!

Oh boy. I’d agree with others here - he needs to get a job asap. Unless you want him in and out of the shelter system, that’s the only way he’s going to get housing of his own.

Good luck to you OP but I don’t see this ending well to be honest. People don’t often voluntarily part with free housing in my experience. Word to the wise, if you accept any work as payment, he is legally a tenant and you need to give 30 days notice before you can evict him.

https://www.lawhelp.org/dc/resource/frequently-asked-questions-evicting-guests-roommates-family-members-and-other-unwanted-occupants-from-your-home

Yeah, if only there was some way to... "insure" the home against such large damages, so that you didn't have to pay a huge lump sum out of pocket.

And they could even require that you hold that insurance on the home while the loan is still active!

Man if only.

He's the right age for job corps. I've only heard good things about the program. They provide housing, meals, and training.

You should make signs or leaflets to let all these homeless folks know that their salvation is only 3 steps away.

Real curious what the front end of the car looks like

And for my next trick, watch me pull a rabbit out of my hood!

Oh fucking Maine, I love you. Signed - not a hunter

Currently advocating for these very things in Rockland, along with eliminating parking minimums and setback reqs. There's a very big code rewrite currently underway, hopefully should see some of this stuff start to come into effect this fall [fingers crossed].

The deer was a nice touch. Makes me love Mainahs with their sense of humor.

Talked me into it.. I love brussels

Location would be helpful because counties have different programs. KVCAP in Kennebec helps people like him.

I love a good order of wings, definitely going to try this

Holy shit it literally says

"Construction is underway on a new exit 35, which will connect drivers onto Route 112."

what the fuck dude

You got $5k-$8k sitting around for a boiler? $20k for a roof? Banks want to know the property will continue to be kept valuable till they get all their money back.