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We make $200K a year and want to buy a house — but is 40% of our take-home pay too much for us to take on in a mortgage?
Yahoo Finance·2025-10-06 13:00

Buying a house has become really hard, with Realtor.com reporting that just 28% of homes on the market are affordable for a typical household. (1) Even if you aren't a typical household, you may have to stretch to buy — and this can be tough, as you don't want to put yourself in a position where you’re left house poor. Say, for example, you have a household income of $200,000, no debt, are currently spending $2,500 per month on rent and are looking to buy a home in the $600,000 price range. When you ta ...