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A comment on Why America's economy is soaring ahead of its rivals. Parent comment

Re:Why America's economy is soaring ahead of its rivals by sokoloff on Wednesday December 04, 2024 @06:03PM (#42323015)
They're presumably saying that's the income needed to service the mortgage (where what most people call the mortgage payment includes escrows for insurance and property taxes, on top of the literally mortgage principal and interest components).

That still feels like a fair over-estimated amount to me, but I think that's what they were getting at. (It could also be a figure of the amount needed to qualify for a mortgage on a place with some amount of downpayment.)

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Re:Why America's economy is soaring ahead of its rivals by rustyzig on Thursday December 05, 2024 @06:53PM (#42334249)
It could be an overestimate, it could be an underestimate, or for a specific family buying a specific home it may be spot on. It is kind of like saying that it costs $5,000 to build a software application. That statement is true, but meaningless.
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