Quote:
Originally Posted by Brotato
Uhh, based on the axis's:
Mortgage payment / Avg household salary per month.
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Found it on that link above.
Assumptions:
25% downpayment
1200 sqft bungalow is standard in 2012 and was standard 20 years ago.
No family debt levels comparison. Assuming no consumer debt etc.
Pre tax money. GST among other taxes that we pay now or more are not factored in.
Sounds legit and reasonable.