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Apr 15, 2023
9:26
:12
pm
gww687
All-American
That is the question!
When I bought it the purchase price was 7x my salary. That price is less than 2x my income today.
This message has been modified
Originally posted on Apr 15, 2023 at 9:26:12pm
Message modified by gww687 on Apr 15, 2023 at 9:26:27pm
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gww687
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gww687
Joined
May 16, 2010
Last login
Sep 20, 2024
Total posts
4,596 (17 FO)
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Messages
Author
Time
POLL: How many times your annual salary was the purchase price of your latest home?
CougaReb
4/15/23 8:52pm
Now or when bought?
ballen
4/15/23 8:54pm
Yeah, this is really important.
Courtimedes
4/15/23 9:22pm
That is the question!
gww687
4/15/23 9:26pm
The question says "at the time you bought" the house, with your salary then.
CougaReb
4/16/23 12:23am
We brought more than 20% for down payment. How would we factor that?
JohnnyC
4/15/23 9:09pm
Doesn't seem relevant to the question
Plato
4/15/23 9:14pm
My salary or our combined salaries?
ugo1st
4/15/23 9:41pm
Either you all have some crazy good W2 jobs or
demon_llama
4/15/23 11:26pm
When I bought a couple decades ago, I followed a rule of thumb I had heard of
BluebloodOR
4/16/23 1:15am
First home X5. Second home X5. Current home 3X
Acorn
4/16/23 6:55am
Interestingly, it appears half or more are paying >3x their salaries for...
CougaReb
4/16/23 11:53am
yes. especially in Utah.
demon_llama
4/16/23 7:27pm
before or after taxes? about 5 months after tax but my house was cheap and
qwerew
4/17/23 12:00am
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