It's really hard to compare because of how rates doubled in a period of 2 months. At today's rates, which I'll enter at 5.2%, A person making 200k at 8x is bu

It's really hard to compare because of how rates doubled in a period of 2 months. At today's rates, which I'll enter at 5.2%, A person making 200k at 8x is buying a house worth 1.6 million dollars. Assuming a 320k down payment(ha), 20k in taxes, and 5k in insurance, the monthly payment comes out to over 9000 a month. I don't think anyone in CA at 200k is taking home that much monthly, but maybe my math is off. I think 2.5x is also probably not the norm, but I'm extremely conservative with money and what I went with. 4 or 5 I can believe, but in today's market with today's rates, I can't see how 8x is even possible.