Personal Finance

3861 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

[email protected]

287

Salary Needed To Buy a Home In The US (reddthat.com)

submitted 1 year ago by [email protected] to c/[email protected]

100 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 1 year ago

At current interest rates, 5% down, and an 800 credit score, you're monthly piti is still like 2,700. Assuming you make that 92k/yr, and are traded at 22%, you're monthly take home is 5900. That's 45 percent of your monthly income. "Affordability" is for dinner heavy lifting here