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I think Secret means only if you have a hard time documeting income it should be done. But the truth is in places like California you have to go stated. Values are too high and will never level out to the average persons income. Most people will say $20 dollars a hour is good pay then add a second income of $15 dollars an hour for that household. With bills and car payments this average family wont qualify for the median price of $580k. But no matter what some dti calculations says people are going to need a home and will make it work. This is how things are done and will have to be done for the average person to get an average home. Im originally from San Diego and houses in the ghetto go for half a million. Thats why everyone goes stated, I never went full doc on anyone from California. I do multiple states now and have noticed my clients actually dont have to go stated. Its kind of weird.
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