If everyone went with < 3X income, half the sales from this century wouldn't have happened!
Most calculators allow a total debt-to-income ratio of no more than 36 percent. And home payment to-income ratio of 28% for our conservative estimate, and 33 percent for the aggressive one. In CA, 40% and 50% ratios were routinely used and that's what helped cause home prices to double from 2001 to 2005, not the common notion that QCOM employees were completely responsible for jump.
