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Homes in that area are about 10x that salary - so no. Reasonable ends at 3-4x your salary. I would be surprised if you could get a loan if you're taking a mortg
by odonnellryan 5y ago
Homes in that area are about 10x that salary - so no. Reasonable ends at 3-4x your salary. I would be surprised if you could get a loan if you're taking a mortgage out that is 8x+ your salary... but maybe you can in France? Not in the US!
- freedom2099 5y agoThat is not true… only sea view apartments and houses do have incredibly high prices… otherwise you can find an apartment of 100m2 for prices ranging from 200k euros to 500k. Many homes with garden in the area range from 450k to a million (depending on the location). If as a couple the household income is 100k or more a year it is not difficult at all to get a mortgage. In France is very hard to get fired… there is a much higher job security… and since we have universal healthcare we don’t even risk to not be able to pay due to a medical emergency! For a bank is less risky to lend you money! Life here is good!
- odonnellryan 5y ago500k is getting close to 10x the salary.
- freedom2099 5y agoIf you are married or in a pax it is getting closer to 5x not 10x