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What percentage of the purchase price of your primary residence is your gross annual salary?
For example, if I bought a $200,000 house 10 years ago, and grossed $50,000 annually at that time of the purchase, the answer would be 25%. Keep in mind, I want to know the percentage THE YEAR YOU MADE THE PURCHASE.
NOTE: This is a poll. There is no right answer. I'm trying to see to what degree people financially overextend themselves.
1 Answer
- ?Lv 79 years ago
we suggest buying house
no more than 4 times ur
yearly gross income.
see fewer foreclosure that way.
Source(s): Builder
