ST Alpha - "I grew up hearing it as when buying a house the sell price should cost no more than 3x annual gross income. -- nm*" (Reading a Post)

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In response to "Is the 30% pre or post tax? (I ask since this is a post-tax reading) -- nm" by ty97

I grew up hearing it as when buying a house the sell price should cost no more than 3x annual gross income. -- nm*

Posted by Max May 15 '24, 12:51

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Responses:

you should be able to buy a house for 100x monthly rent (old rule of thumb....ouch where did that sledgehammer come from...) -- nm - zeitgeist May 15, 13:42
*approves you for twice that much* -- (edited) - Mortgage companies May 15, 13:11
Around here, for renting, they want your annual gross income to be at least 40x the monthly rent price -- nm* - ty97 May 15, 13:01
*look at local listings* LOLOLOLOLOLLOL - ty97 May 15, 13:00
whoops -- nm - oblique May 15, 12:58 1
- Right?! -- nm - sycor May 15, 12:58

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