Started By
Message

re: Mortgage Amount 2-2.5x Annual Income

Posted on 4/9/22 at 7:53 pm to
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75275 posts
Posted on 4/9/22 at 7:53 pm to
But everyone is different. For a family of 4 making 130,000 a year, maybe a 325,000-350,000 house would be the max amount. But I could also see a couple with no kids making 130k with no debt easily affording a 475k-500k house. There are too many variables sometimes.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13932 posts
Posted on 4/9/22 at 10:21 pm to
quote:

But I could also see a couple with no kids making 130k with no debt easily affording a 475k-500k house.

I guess if you hate building wealth this would be acceptable.
Posted by lowspark12
nashville, tn
Member since Aug 2009
22371 posts
Posted on 4/10/22 at 1:42 pm to
quote:

But everyone is different. For a family of 4 making 130,000 a year, maybe a 325,000-350,000 house would be the max amount. But I could also see a couple with no kids making 130k with no debt easily affording a 475k-500k house. There are too many variables sometimes.


The irony is it’s the folks with kids who need the 500k house, not the couple with no kids.

This just illustrates how fricking hard it is to have a middle class family in today’s society… and it’s only gonna get harder.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram