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re: Mortgage Amount 2-2.5x Annual Income

Posted on 4/13/22 at 10:19 am to
Posted by thegreatboudini
Member since Oct 2008
6605 posts
Posted on 4/13/22 at 10:19 am to
quote:

The principal of my mortgage is 1x our combined household income.


So you either bring home 400k+ (not the norm), or you live in a 140k shack (also not the norm).
Posted by hiltacular
NYC
Member since Jan 2011
19764 posts
Posted on 4/13/22 at 11:40 am to
quote:

So you either bring home 400k+ (not the norm), or you live in a 140k shack (also not the norm).


yeah I am trying to imagine someone making $300K in Philadelphia living in a $300K crack den
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