College Discussion - View Single Post - Are you part of the Gibson-middle class?

Bay · 04-20-2008, 03:46 PM

Using the formula I am familiar with for calculating mortgage debt, i.e., two and a half times gross income plus 10% down, a family earning $200K can buy a $560,000 (approx) home. That would be a middle-class home in most of California.

04-20-2008, 03:46 PM	#9
Bay Member Join Date: Nov 2006 Threads: 17 Posts: 993	Using the formula I am familiar with for calculating mortgage debt, i.e., two and a half times gross income plus 10% down, a family earning $200K can buy a $560,000 (approx) home. That would be a middle-class home in most of California.