Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« 6TH POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: I found this ad the other day.

By: CTJ in 6TH POPE | Recommend this post (0)
Thu, 15 Feb 24 4:45 AM | 28 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 50183 of 60008
(This msg. is a reply to 50181 by nacl01)
Jump:
Jump to board:
Jump to msg. #

I recall mortgage companies saying you could qualify for a mortgage 2-1/4 to 2-1/2 times your yearly gross. I think? But I think that went away during Carter when rates were 11-14%




» You can also:
- - - - -
The above is a reply to the following message:
Re: I found this ad the other day.
By: nacl01 in 6TH POPE
Thu, 15 Feb 24 4:23 AM 		Msg. 50181 of 60008

Use to be monthly mortgage/rent should be 1/3 of your monthly gross pay.

The measure I use is that a year and a half out of college I bought a townhouse for 150% of my gross salary. Ten years later I bought a house, again for about 150% of my salary.

My daughter is four and a half years out of engineering school and homes in Dallas seem to start at around $450K. And, no, she is not making $300K..(Yet! Mr. Green )

nacl

« 6TH POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next