Can you afford a 600,000 home?

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  • 1 decade ago
    Favorite Answer

    Sure, and I could park a couple Ferrari 599 GTB Fiorano's in front of it.

    But really, why were you wondering anyway?

  • 1 decade ago

    Keep it simple and use the old but still valid rule.

    1. You can buy up to 2.5 your anual salary.

    2. 25% down

    Of course this is a guide, but it works and will help you stay out of trouble in years to come...if you dont have the 25% really think about then not buying up to the 2.5 your anual salary, buy down...

    Of course, also, if you have tons of othe debt then the formula will not work since you are basically over extended...keep your ''other'' debt under the 28% of income.

    Source(s): personal knowledge
  • 1 decade ago

    Yes, but only after you gave me 400,00.00 of the said amount!!

    That's mighty kind of you to offer!

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