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The Mortgage-to-Salary Ratio

27 days ago

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So What

27d ago

That's probably based on gross pay. I make $92k gross salary which is $414k. A 3 bedroom house near me averages over $600k, and that's if it's in a sketchy area. If I go based on my take home pay, it's about $58,800, that would give me a limit of $264,600. You can't get anything for that. Renting isn't any cheaper, but the barriers to getting a mortgage are just too much for most regular working families. So you're allowed to pay a mortgage, just not your own.

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