A 500,000 house on a 150,000 salary?

Assuming $10,000 on the down payment with a 30 year note, is this realistic to try to pay for on a salary of $150,000? What I read and what I hear are completely different, and would like to know if anyone knows if it's plausible, or at least not impossible, to do this. I read that it's totally fine and... show more Assuming $10,000 on the down payment with a 30 year note, is this realistic to try to pay for on a salary of $150,000? What I read and what I hear are completely different, and would like to know if anyone knows if it's plausible, or at least not impossible, to do this. I read that it's totally fine and that most people have a loan like this, but I hear it's totally ridiculous to assume you'd be able to realistically live with this kind of house payment. With taxes on the property, mortgage payments, low monthly car payments, reasonable monthly bills, and insurance taken into consideration, is this realistic?
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