> Which means a person would be paying almost 50% of their income on the mortgage. > That's not a situation I would be comfortable with. If it takes a whole 50

> Which means a person would be paying almost 50% of their income on the mortgage. > That's not a situation I would be comfortable with. If it takes a whole 50% of my post-tax income to fund my home, I'd be terrified of any kind of interruption to my employment (like a personal accident, recession, or pandemic; these things aren't as unlikely as we like to believe). If you mean $140k post-tax I'd be more inclined to see a $1M house as doable Here in London a significant proportion of the population are doing just that. Hence why it's called a housing crisis.