{"id":10822,"date":"2017-06-29T11:08:17","date_gmt":"2017-06-29T15:08:17","guid":{"rendered":"https:\/\/www.duck9.com\/?p=10822"},"modified":"2017-06-29T17:53:33","modified_gmt":"2017-06-29T21:53:33","slug":"its-a-pity-that-urban-myths-are-not-suburban-myths","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/its-a-pity-that-urban-myths-are-not-suburban-myths\/","title":{"rendered":"It’s a Pity That Urban Myths Are Not Suburban Myths"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
<\/div>\n
An urban myth is where people pass on incorrect information. Homeownership and real estate is a big reason why people care about their FICO credit score. <\/div>\n
<\/div>\n
For example <\/div>\n
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<\/span><\/td>\nKegel Queen (@Fatt_Stacks<\/a>)<\/b><\/td>\n<\/tr>\n
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5\/17\/17, 7:44 AM<\/font><\/a><\/div>\n
Talk all that home owning sh*t until you have a hard year and miss them property taxes.<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\nA suburban myth is information that’s very useful but very cryptic. Sometimes this useful information comes in the form of an acronym, “P.I.T.I.”<\/span><\/p>\n<\/div>\n


\n<\/span><\/p>\n\n\n\n\n
<\/span><\/td>\nDirtyBirds Boo (@SenoraNalgona<\/a>)<\/b><\/td>\n<\/tr>\n
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5\/17\/17, 6:44 PM<\/font><\/a><\/div>\n
@Fatt_Stacks<\/a> @das_got_it<\/a> P.I.T.I.<\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n<\/span><\/div>\n
\"image1.JPG\"
\nSuburbanites refer to Principal, Interest, Taxes, Insurance so much that we just call it <\/span>PITI<\/a> —<\/font><\/div>\n\n\n\n\n
<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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6\/28\/17, 8:46 AM<\/font><\/a><\/div>\n
@SenoraNalgona<\/a> @Fatt_Stacks<\/a> @das_got_it<\/a> Dirty Birdie’s talking about Principal, Interest, Taxes, Insurance. I call it Computer Science protocol 183 P.I.T.I. #cs183PITI<\/a> #DeltaGamma<\/a>! pic.twitter.com\/aFZ9ClrY5M<\/a><\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\n<\/span><\/p>\n

#cs183PITI<\/a> is the college grad effort to live rent free by having a 3 bedroom house and renting out two bedrooms. Money received in the form of rental income exceeds your <\/span><\/font>Principal + Interest + Taxes+ Insurance. <\/span>#cs183PITI<\/a> <\/span><\/div>\n

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Notes: Your home cannot be foreclosed upon when you are semi-slow to pay property taxes. There is a lien against your house that needs to be paid before you settle<\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang An urban myth is where people pass on incorrect information. Homeownership and real estate is a big reason why people care about their FICO credit score.  For example  Kegel Queen (@Fatt_Stacks) 5\/17\/17, 7:44 AM Talk all that home owning sh*t until you have a hard year and miss them property taxes. A […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"class_list":["post-10822","post","type-post","status-publish","format-standard","hentry","category-duck9-real-estate"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/10822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=10822"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/10822\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=10822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=10822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=10822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}