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The 3x income rule is usually mentioned by your loan officer, and your real estate agent. They will present you with houses costing 3x your income as a baseline
by clipradiowallet 5y ago
The 3x income rule is usually mentioned by your loan officer, and your real estate agent. They will present you with houses costing 3x your income as a baseline of what you can afford.
- Fire-Dragon-DoL 5y agoThat's funny, you need to earn 250000/year to be able to afford _something_ in Vancouver by following that rule.
- __turbobrew__ 5y agoor 600000/year for a starter home