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Donotunderstand

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Re: Daveknowsnothing post# 322169

Thursday, 12/03/2015 12:05:50 PM

Thursday, December 03, 2015 12:05:50 PM

Post# of 800374
43% is news to me - I admit

but having been around the block a few times and more

during normative interest rate times

the OLD rule of thumb is do not buy a house more than 2.5x your income

assuming some down payment

I think that works out to a mortgage load of about 40% ??

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