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re: Income to house cost ratio: Assuming pretax income, what is the marginal ratio?
Posted on 6/3/15 at 5:34 pm to kjacksonp
Posted on 6/3/15 at 5:34 pm to kjacksonp
Always live below your means.
Housing is overrated as an investment, however, you do have to live somewhere.
I would say maybe 20% of income is the maximum I would consider for housing.
The less, the better.
Housing is overrated as an investment, however, you do have to live somewhere.
I would say maybe 20% of income is the maximum I would consider for housing.
The less, the better.
1
Posted on 6/3/15 at 6:02 pm to makersmark1
Most banks will let you go 30-35%, FHA loan will let you go up to 43%...with approved Credit of course.
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