CDAGRIZ said:AZGrizFan said:In this interest rate market you don’t need to. P&I on a 450,000 loan is only about $1750 a month. LOTS of affordable housing (and way more affordable than renting, especially when you factor in the tax benefits).
So, just $300k/year income, and every 27yo can do just what horriblis did.
That was my point going over your head.
In this interest rate environment you don’t NEED to make 75% of the house cost. As in my previous example, a married couple making 75,000 can buy a $450,000 house for just $1750 a month P&I.