How much house should I buy?

[(former)FormerSanDiegan]

It has worked well. We never come anywhere close to borrowing the max 28/36. We like to go out and have our fun on weekends, not sit with empty pockets watching reality TV at home.

The concept of a standard ratio for all categories is absurd. Someone making $50K probably cannot afford to spend 36% on debt service because their other essential living expenses are likely to be much higher a percentage of income compared to someone making 250K for example.

[CogSciGuy]

That’s a good point, FSD. I think I’m going to throw all such rules out the window and just go with what I feel comfortable with: $2500-$3000 PITI.

[CogSciGuy]

That’s a good point, FSD. I think I’m going to throw all such rules out the window and just go with what I feel comfortable with: $2500-$3000 PITI.

[CogSciGuy]

That’s a good point, FSD. I think I’m going to throw all such rules out the window and just go with what I feel comfortable with: $2500-$3000 PITI.

[CogSciGuy]

That’s a good point, FSD. I think I’m going to throw all such rules out the window and just go with what I feel comfortable with: $2500-$3000 PITI.

[CogSciGuy]

That’s a good point, FSD. I think I’m going to throw all such rules out the window and just go with what I feel comfortable with: $2500-$3000 PITI.

[patientrenter]

CogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?

After all the analysis of what went wrong in the current bubble, I’d have thought readers of this blog would be looking at the actual price of the home, not just the monthly payments.

Patient renter in OC

[patientrenter]

CogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?

After all the analysis of what went wrong in the current bubble, I’d have thought readers of this blog would be looking at the actual price of the home, not just the monthly payments.

Patient renter in OC

[patientrenter]

CogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?

After all the analysis of what went wrong in the current bubble, I’d have thought readers of this blog would be looking at the actual price of the home, not just the monthly payments.

Patient renter in OC

[patientrenter]

CogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?

After all the analysis of what went wrong in the current bubble, I’d have thought readers of this blog would be looking at the actual price of the home, not just the monthly payments.

Patient renter in OC

[patientrenter]

CogSciGuy, if you could get a loan for $1 million at a PTI of $2500, would you take it?

After all the analysis of what went wrong in the current bubble, I’d have thought readers of this blog would be looking at the actual price of the home, not just the monthly payments.

Patient renter in OC

[gold_dredger_phd]

Enough for my wife and 5 children and then sign the deed over to us. Thanks…

[gold_dredger_phd]

Enough for my wife and 5 children and then sign the deed over to us. Thanks…

[gold_dredger_phd]

Enough for my wife and 5 children and then sign the deed over to us. Thanks…

[gold_dredger_phd]

Enough for my wife and 5 children and then sign the deed over to us. Thanks…

[Author]

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