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A comment on The Rise of the Rich Renter. Parent comment

Re:The Rise of the Rich Renter by matt_wulfeck on Saturday October 07, 2017 @05:20PM (#15425768)
7 years of saving I believe is the average for a down payment. It doesn’t sound like your story is too outside the range of normal.
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Re:The Rise of the Rich Renter by hammock on Saturday October 07, 2017 @05:34PM (#15425830)
Seems to make sense, buy a house 3x your annual income, with 20% down you could get that in 7 years if you save away 8.5% per year. And you have a house at 29
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Re:The Rise of the Rich Renter by davidjnelson on Sunday October 08, 2017 @11:48PM (#15431458)
Lol, houses for 3x your income? I take it you don't live in the Bay Area ;-)
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Re:The Rise of the Rich Renter by hammock on Monday October 09, 2017 @09:15AM (#15433488)
That's a general rule of thumb for safe mortgages...which is why so many rent in bay area
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Re:The Rise of the Rich Renter by techisamix on Saturday October 07, 2017 @05:24PM (#15425785)
I haven't heard that before, link?
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