I was wondering if there's been a cultural shift to accept larger mortgages, etc.
I was wondering, what are people's risk tolerance here on this forum, in terms of mortgage size vs. total family income.
I hear many stories of people taking 500k, 700k + mortgages just to buy homes...when their incomes are in the 150k range...what are everyone's thoughts?
What would your max be based on your income? I'm thinking total income of 175k should work out to 370k mortgage principle at most...but that's just me...
I was wondering, what are people's risk tolerance here on this forum, in terms of mortgage size vs. total family income.
I hear many stories of people taking 500k, 700k + mortgages just to buy homes...when their incomes are in the 150k range...what are everyone's thoughts?
What would your max be based on your income? I'm thinking total income of 175k should work out to 370k mortgage principle at most...but that's just me...