re: House = (x)household income

I agree with most of what you said. However, I am having a hard time wrapping my head around people being able to afford living so close to downtown Denver on less than 10% take home.

I guess you could make a lot of money? But, say you made $120,000 a year and taxes were not a thing. That means you are taking home $10,000 a month. 10% of $10,000 is $1,000 a month for housing. The cheapest place I found near downtown was ~$400,000. With a 20% down payment it would be ~$1,500 a month, 15% of take home. I guess you could put a larger down payment down, but this example is generally unrealistic.

I am interested to hear how people are managing to live here (Denver) for less than 10% take home.