House how many times income

Posted on 06.06.2019 by Tobie
Deciding on how much we can afford is often limited by how much someone will lend us. And Im not talking about your luxury pads or property in the most desirable enclaves of the capital. The most common way to express affordability is as a multiple of your household or individual annual income. Post a comment or email us at realestateqanytimes.
The more you pay for housing, the less income you have left over for food, child care, health care and clothing. I graduate from college next spring and am thinking ahead to my first apartment. Learn about how much house you can afford. How much of my income should I budget for rent.
Get instant notifications from Economic Times Allow Not now. Submit your questions, share your stories and tell us what topics interest you most. You can switch off notifications anytime using browser settings. Buying a house is always an exciting yet terrifying time.