> "30% of your pre-tax income or less" That makes sense in a world where taxes are 15%. But in a world where taxes are close to 50%, you probably want to be th

> "30% of your pre-tax income or less" That makes sense in a world where taxes are 15%. But in a world where taxes are close to 50%, you probably want to be thinking about 30% of POST-tax income, not pre-tax. If you rented at 30% of pre-tax, take away 45% for taxes, you have only 25% left. There's no way you'll live on 25% AND have room for savings for purchasing housing. > House price affordability guidelines are "3-5x pre-tax annual income" Uh, no, I'd say 3-5X post-tax post-food post-rent post-everything-else. That would mean you could afford a house in 3-5 years. Seriously, I live here and almost nobody with a total household income of less than 600-800K actually owns a home here.