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re: House = (x)household income
Posted on 8/11/15 at 10:00 am to Spirit of Dunson
Posted on 8/11/15 at 10:00 am to Spirit of Dunson
I certainly didn't read this board a whole lot when I started posting in 2006 while in college.
Oddly enough my net worth was probably higher back then.
Oddly enough my net worth was probably higher back then.
1
Posted on 8/11/15 at 10:44 am to Teddy Ruxpin
can someone get a little more elementary for me? what do you mean by 2 or 2.5x. or 25%. etc.
let's take this random situation for instance:
husband makes 150-200K (his income might vary due to sales, raises, etc)
wife currently makes a horses arse, but will be a practicing OBGYN in 10 months. however her practice will take a little time to develop. but after it does she can make good money, let's just use 200K for instance.
so 400K household income.
they have $900 in combined car note and $2,000 in her student loan payments monthly. (among all the other shenanigans life brings)
let's take this random situation for instance:
husband makes 150-200K (his income might vary due to sales, raises, etc)
wife currently makes a horses arse, but will be a practicing OBGYN in 10 months. however her practice will take a little time to develop. but after it does she can make good money, let's just use 200K for instance.
so 400K household income.
they have $900 in combined car note and $2,000 in her student loan payments monthly. (among all the other shenanigans life brings)
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