01-18-2009, 06:14 AM
My understanding of rent vs buy used to be the following.
-- A house priced at more than 200 times the monthly rent you were currently paying was too expensive.
-- If you bought a house paying 4 times your annual income, then that was too much.
-- A house priced at more than 200 times the monthly rent you were currently paying was too expensive.
-- If you bought a house paying 4 times your annual income, then that was too much.