How much house can I afford?

mantisman51

Active Member
$45k=$200k house. That's pre-bubble math. I know this is just a spam that was sent out using filters searching forums for key words, but that is the crazy mindset that caused the bubble. $45k means the maximum purchase price would be $112,500. Most banks have gone back to the 2 1/2 x yearly gross income as well. Which is one of the reasons the housing market is flat. It's harsh, but necessary. No more $300k houses for folks making $50k.
 
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