• Numpty@lemmy.ca
    link
    fedilink
    arrow-up
    2
    ·
    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%.

    • cheery_coffee@lemmy.ca
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      I think $4k a month can cover that, but it’s not comfortable. 3k on groceries seems quite high to me.