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I am 23 and currently make 60k/yr. I have zero debt, 55k credit line and a 780 credit score. In 3-4 years I will make around 80k with pay scale/seniority at company.
I have lived with parents/company paid hotels this whole time. I am now in a situation where I will need to acquire my own place.
I'm interested in buying a house because I don't want to cuck myself financially by living in apartment rentals my entire 20s.
I don't know shit about finance so my question is, how much should I spend on a mortgage based on income I make? I live very minimalist and frugal. Two bedrooms max, in Charlotte, NC area.
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>>3494010
>I don't want to cuck myself financially by living in apartment rentals my entire 20s.
>I don't know shit about finance
Why'd you repeat yourself
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>>3494010
sell your parent house and buy bitcoin
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>>3494010
Your mortgage should be less than 1/3 of your after-tax income. I make $6k/mo after tax and my mortgage is $1800/mo. So I got a good deal. You want to look for something with a similar ratio.
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impossible to say, varies everywhere. if you're 23 and have enough on the side for an emergency situation, I guess then you only know how much is free
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