Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
Categories:

Archives:
Meta:
April 2025
S M T W T F S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930  
05/08/10
Can you afford to live in your house?
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:35 pm

For years, renters and homebuyers were told they couldn’t afford a home if it cost more than 30 percent of their income.

Now, an influential research center has come up with another yardstick that it says more accurately measures whether your choice of housing is beyond your means: The combined cost of housing and transportation shouldn’t exceed 45 percent of your income.  more…


Bookmark and Share
Subscribe

share

Leave a Reply