re: House = (x)household income

quote:

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I agree 9% is insane. Apartments near me (downtown Denver) are ~$1,800 for a one bedroom. This Hawkeye guy must be balling out or living off of Colfax.

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its 9% of gross.

And yes, I live a half a block away from colfax. I can look out my office window and see colfax, although its the nicer part of colfax near the bluebird.

also buying in denver is cheaper than renting. All of the rentals near my house go for 25-30% more per month than my house note.

I got in before the recent 20-30% runup in prices too, which helps.