Quote Originally Posted by larry_arizona View Post
Back in the day when I bought my first couple houses, I recall a “rule of 2.5”, meaning 2.5x your gross income to not be house rich.

I don’t know too many teachers and firefighters having a combined income of $280k lol.

Now In very high cost regions of the country where even small bungalow homes exceed 7 figures, I get that people get longer duration loans and don’t put 10-15-20% into their retirements, and bank on their home to be their retirement plan.


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280k sounds about right for my area. Ish.
160-180 FF, 100 for a teacher.

I would prefer a house payment not to exceed about 10% of my income personally.


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