: For a family earning $200,000 combined, buying a $700,000 home using a 15-year mortgage at current rates often results in payments closer to 50% of take-home pay , double Ramsey's suggested limit.
For those looking for a slightly more flexible alternative, some experts suggest the : spending 30% of gross income on payments, having 30% of the home price in cash (for down payment and buffers), and limiting the price to 3x your annual income. dave ramsey home buying guidelines
“His principles make sense for avoiding debt traps, but in the current market, they're quietly pushing families away from homeownership entirely.” Yahoo Finance · 2 months ago : For a family earning $200,000 combined, buying
: You should have zero consumer debt (credit cards, car loans, student loans) before buying. : For a family earning $200