3 ms·
Do 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 inco
by fooker 2y ago
Do 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.