I want to buy a house..

That depends. Are you located in the UK? I noticed your BBC moniker.

Do you have enough to put 20% down? If so, I'm guessing your mortgage payment would be around $750-800.

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This may sound simplistic, but you could use an online loan calculator like bankrate.com.

Then just compare that loan with your current income and expenses. Add in real estate taxes, etc and consider the difference in bills. Where are you going to find this money out of your cash flow?

Since lifestyle and other loans factor in as much as income, I would recommend the rigorous approach versus rules of thumb.

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For about 175k. Obviously lots of variables to consider but whats an appropriate round abt salary for one person necessary to buy?

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Depends on how good you are with your money, what other debt you have, and how much you are putting down.

If you finance 175k, you should be around $800/mo without factoring in PMI, Taxes, Insurance... So I'd guess you would be at close to $1200/mo after all of that.

Most people recommend that your housing costs not exceed 20% of your income, but if you don't have any other debt, its really up to you. I believe a lot of mortgage companies won't give you a loan if your monthly payment is higher than 38% of your income

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Most people recommend that your housing costs not exceed 20% of your income, but if you don't have any other debt, its really up to you. I believe a lot of mortgage companies won't give you a loan if your monthly payment is higher than 38% of your income

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For an FHA loan, your total mortgage payment (principal, interest, property taxes, insurance, PMI) can't be over 31% of your gross monthly income. Your total recurring monthly debt (mortgage, auto loans, personal loans, student loans, credit card payments, etc) can't be over 43% if your gross income.