Quote:
Originally Posted by ERCougar
We're house-shopping in the next year and we sure as heck are not going to purchase a house for 4 times my income. Our limit is more like 1.5x. In residency, we had a house that was about 3 times my income and I felt really stretched. I can't imagine what you'd have to do to get to 4 times. Even without tithing.
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That is what you are comfortable purchasing. I am talking about a reasonable range for housing prices in a given area. I would think 3-4x the average annual income is pretty normal. But I am probably wrong. Maybe a stat guy like Indy would be able to better lay it out.