> it's 150k/year income and that definitely is enough to finance a house. I understand that. And it is most definitely not enough to finance a house in a lot o

> it's 150k/year income and that definitely is enough to finance a house. I understand that. And it is most definitely not enough to finance a house in a lot of places. NYC, SF, LA, even Sea now...Following the 28% rule your monthly payment would need to be about $3,500 on a $150k income. At a 6% interest rate with $50k down (just pulling a reasonable number here) you can't reasonably afford anything over $500k, and with the taxes in those locales what they are you're really looking to max out around 400-450k. You simply cannot purchase anything at that price point in those cities.