I make 90k, and the most comfortable home purchase, without going broke every payday is a $420k home. This involves me putting about %20 percent down. With a mortage loan of $300k at 5.375, my monthly Payment including taxes and insurance is about $2100 a month.
I cannot understand why someone would think they can afford a $600k or even a $400k mortage with only 90k houshold income.
