May 26, 2019
8:46:46am
8:46:46am
while that number is true, that's oversimplifying it
With every dollar of your raise being put directly toward your home (and it would be more like a 10k raise after taxes etc), you very quickly raise your DTI
This isn't any different than the 'I can afford the payments' line of thinking. A smart buyer would be priced out of home in this example, but maybe that's why houses are going up so high, people aren't being smart and are paying too much?
This isn't any different than the 'I can afford the payments' line of thinking. A smart buyer would be priced out of home in this example, but maybe that's why houses are going up so high, people aren't being smart and are paying too much?
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5/26/19 7:59am
5/26/19 8:03am
We bought our house in vineyard 3 years ago for less than 400k and now people are selling the same floor plan on smaller
5/26/19 8:39am
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5/26/19 8:46am
5/26/19 9:10am
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5/26/19 10:47am