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submitted 1 year ago by Pxtl@lemmy.ca to c/canada@lemmy.ca
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[-] Numpty@lemmy.ca 2 points 1 year ago

At 50% they can do $4129 for a $650k

That's a MASSIVE stretch for a typical family of 4 on your average income scenario, Once you factor in all the utils, maintenance... the $400 to $500/month property taxes, a $650/month car payment (an average family has a car payment)... and the incredibly high cost of food... they will be well over stretched at a 50%.

this post was submitted on 23 Aug 2023
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