How to buy a home you can afford

One standard used by the real estate industry is to expect to cap the purchase price of a new home at 3 times the gross income of the household.

How to buy a home you can afford

As a way to start, this gets you in the ballpark.

But it doesn’t tell you your whole home buying story; it leaves a lot of factors untouched.

For example, this formula has no idea if you’re paying child support or alimony.

next-arrow-like-adsense