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Message
re: House = (x)household income
Posted on 8/11/15 at 10:59 am to Coach Guidry
Posted on 8/11/15 at 10:59 am to Coach Guidry
quote:
25-28% of take home pay...no longer than 15 years.
I concur.
quote:
I see no reason why you cant stretch it a little if you find something you really like.
Maybe 30% if you have no other debt - but, then you can't put yourself in a bind later. And 30% is a lot of net pay. Right now, I'm right at 22%. When the current house is paid off, I'll actually be able to afford 2.5x the house I'm living in now - and pay it off in 15 years - staying within 28%.
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