• Numpty@lemmy.ca
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    1 year ago

    At 50% they can do $4129 for a $650k

    That’s a MASSIVE stretch for a typical family of 4 on your average income scenario, Once you factor in all the utils, maintenance… the $400 to $500/month property taxes, a $650/month car payment (an average family has a car payment)… and the incredibly high cost of food… they will be well over stretched at a 50%.