I’m 28, debt free, make $70k/yr in a MCOL city and have a net worth of about $140k. I want to buy a house, but most houses in my area are $300k+. How many times my income should I shoot for in terms of house price? Thoughts on paying say 10% down and then just investing the other 10% vs paying 20% down?

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Pay the full 20%. No PMI and lower interest rate

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Don't listen to any rules of thumb right now. Interest rates are now just low but the lowest in HISTORY so the rules of thumb go out the window. Put 20% down so no PMI and take out the biggest 30 year loan you can afford. Leveraging RESPONSIBLY at times/rates like now are how empires are made.

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Check what PMI rate you would get then decide if you would make more investing at a 3-19% down payment and investing remaining. I think you would be better off doing the 3% down and investing remaining. PMI is underrated imo.

Outside of the general guidance for income/to house payment ratio, I think it is worth considering what you believe you will be making in the next few years. I bought at a 50% monthly income/housing expense ratio and in 2 years it’s down to 25%. Just a thought.

You will be house rich and cash poor paying 300k+ on a 70k salary. Your threshold should be 210-280 (3-4 times annual salary) and you should put 20% down. Move a little further out of the city to find deals and look for up and coming areas.

Debt to income ratio of actual payments is what matters. 3-4 times salary isn’t practice in many areas and really doesn’t indicate was a person can or can’t afford.

Super impressive!

Also don’t forget your salary won’t stay at $70k, it will increase over the years

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