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re: Income to house cost ratio: Assuming pretax income, what is the marginal ratio?
Posted on 6/3/15 at 10:53 pm to LSUtoOmaha
Posted on 6/3/15 at 10:53 pm to LSUtoOmaha
quote:I find that low...we were preapproved for a house 5 times larger than our combined income which is absolutely absurd. No wonder people go into major debt
Wait, so you are saying if someone makes 100k a year, a bank will pre-approve them for a house that costs 400k?
1
Posted on 6/3/15 at 11:05 pm to TigerTatorTots
We were approved for $600k and I'm sweating building a house for half that 
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