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I still run into (elderly) people who expect a mortgage to be about three to four times a person's salary. When the houses costs eleven times the median salary

I still run into (elderly) people who expect a mortgage to be about three to four times a person's salary. When the houses costs eleven times the median salary, that would require a deposit of seven times a person's salary. The past was a different (cheaper) world when it came to the largest expense most people have.

megaman22 9y ago
> I still run into (elderly) people who expect a mortgage to be about three to four times a person's salary I'd argue that's still a reasonable target, most places in the US. The pockets where things are insanely, insanely expensive are smaller than you might think - especially if you spend time reading the comments here on these kinds of articles.