3 ms·
A max of 2x salary for a house is absurd and saving 50% of your salary is overkill and not realistic. What about the opportunity costs? Buying a cheap home mak
by jb775 6y ago
A max of 2x salary for a house is absurd and saving 50% of your salary is overkill and not realistic.
What about the opportunity costs? Buying a cheap home makes you miss out on market appreciation dollars, has less rental value, is likely in an area that has a higher likelihood of impacts from market downturns, etc.
Also being an ultra cheap-ass has opportunity costs such as costing you personal relationships.