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That's a question of supply and demand in housing. If you use a conservative 35% debt to income, then at $15 an hour, the mortgage + tax + hoa/fees should be at
by sologoub 10y ago
That's a question of supply and demand in housing. If you use a conservative 35% debt to income, then at $15 an hour, the mortgage + tax + hoa/fees should be at $910 per month. Not much, but if it's two income household, then it's $1820 or $200k plus purchasing power at today's rates.
In LA that will not get you much, but in many other markets it will.