POLL: What was the purchase price of your home in comparison to your annual

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Aug 30, 2015
11:41:15am

Triznaynay

POLL: What was the purchase price of your home in comparison to your annual

For example, if you make 100k a year and your home cost 400k, you'd be 4x.

Obviously the numbers won't be perfect, but which is closest?

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Triznaynay

Bio page: Triznaynay
Joined: Aug 29, 2007
Last login: Apr 18, 2024
Total posts: 24,454 (4,822 FO)

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Messages

Author

Time

POLL: What was the purchase price of your home in comparison to your annual

Triznaynay

8/30/15 11:41am

What is recommended? Is there a general rule about this? I'm looking to buy my

Slim

8/30/15 11:59am

And utilities are way more expensive. I didn't realize water, trash and sewer

SPgoofyft

8/30/15 12:17pm

I heard to aim for a monthly payment about 20-30% of monthly gross income

scottpete

8/30/15 1:54pm

Price of home is irrelevant, mortgage $ amount is what matters.

Kerbouchard

8/30/15 1:24pm

But the more you spend, the more you stand to lose if the market dips.

BigEasyCougar

8/30/15 3:30pm

No kidding, but the poll is asking about ratio of housing costs to income.

Kerbouchard

8/30/15 7:54pm

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