undefined | Better HN

0 pointsvoisin4y ago0 comments

> Historically the price of the Average Home should be about 2x average household annual income.

Source? I have heard many boomers talk about how the advice was to pay no more than 4x income. Obviously highly unlikely in this day and age.

0 comments

1 comments · 1 top-level

syshum4y ago

I don't know the original source, but it fairly common financial advice. Here is one source [1] but a simple DuckDuckGo search or Google Search will show many others. Some are starting to recommended 3-4x due to low interest which as I said in other comments I do not agree with.

[1] https://www.investopedia.com/articles/pf/05/030905.asp

j / k navigate · click thread line to collapse