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Interesting. There was a discussion on reddit yesterday from a realtor commenting on how people were getting loans for >50% of their income again and worried ab
by withinboredom 2y ago
Interesting. There was a discussion on reddit yesterday from a realtor commenting on how people were getting loans for >50% of their income again and worried about a crash.
- fooker 2y agoDo you mean yearly income? Houses have been historically between 5-10x of your yearly income. If you could buy a house with less than half of your yearly income, might as well save for a year and buy without a loan.
- science4sail 2y agoI think that they meant the monthly mortgage payments, not the total price of the house.
- halfdan 2y agoThey mean to cover their loan payments they need to pay >50% of their income.