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Message
re: Mortgage Amount 2-2.5x Annual Income
Posted on 4/10/22 at 1:42 pm to Paul Allen
Posted on 4/10/22 at 1:42 pm to Paul Allen
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.
1
Posted on 4/10/22 at 1:49 pm to lowspark12
My mortgage to annual income ratio is a little less than 1
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