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re: Mortgage Amount 2-2.5x Annual Income
Posted on 4/12/22 at 3:32 pm to REB BEER
Posted on 4/12/22 at 3:32 pm to REB BEER
quote:
I would never feel comfortable with a mortgage being 2-2.5X our annual income. I don't see how someone making (let's say) $100K can afford a $250K house.
I mean.. this is pretty extreme. Where do you think the median family (pulling ~$70k) should live?
2-2.5x income seems like a perfectly reasonable amount to live comfortably and allow yourself to save and build wealth.
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