property values v income in usa, page-58

  1. 17,233 Posts.
    lightbulb Created with Sketch. 954
    "on the original post on this thread, its funny how prop bulls dont realise that people can not buy a house 10x their income because the repayments are more than what they earn. which means median wage to median house price cant go up any higher.."

    Redmond....

    say I go and buy a property 10 x my income yet the 4 year rental income offered on the property covers the repayments....... does it matter what my income is??







 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.