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Real Estate
Reply to "Salary vs House Cost"
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[quote=Anonymous][quote=Anonymous]On talk of outliers,[b] I think most of the people posting here are the outliers[/b]. Debt posts on this blog attracts the more frugal types. Given costs of living In the DC metro area, middle and lower income are on the higher end of debt ratios on housing (google it and you can find the stats). I would expect it is not much different for the higher brackets. Why would one expect lower debt ratios in one of the most expensive housing markets in the country. To each his own, but people should stop being so sanctimonious about perfectly acceptable mortgage debt ratios for high income earners. [/quote] I don't necessarily think so. I many, many tons of big law partners and lobbyists who make high 6-figure or 7-figure salaries. Most of them live in houses that are $1.5M and under.[/quote]
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