I remember when I was taught that a mortgage payment should not be more than 20-25% of after tax income. Is that still what they teach in economics?
@Sr0bi
I hear 30%, but I would probably want to be lower than that with the current housing market. You're likely to end up under water when the bubble corrects.
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@AlphaCentauri @Sr0bi....🤔 probably should start a financial hashtag or some shit, seem like vital knowledge.....well, it's below, spread the wealth.
#housing market
@IRNMKE3 @AlphaCentauri
Where I was headed with that comment is that I don't see how people can buy a house these days. Builders want to go big or go home. People must have some serious cash to put down or they start in a converted shipping container. Makes me wonder what George Bailey would do.