Posted by Ronald * Starr(in NoCA) on August 20, 2003 at 12:44:48:
I think you can answer that question for yourself. Put yourself in the lenders place. You are going to loan money to this person. You want to get repaid. You want to know if the person is likely to have the income to repay you. What number are YOU going to look at?
Or as might be asked in Alice in Wonderland: “When is the income not income?” Answer: “When it is already committed to being spent.”
Good InvestingRon Starr***