How much house can you afford? More than any other purchase or expense in your life this effects the quality of your life. There are factors that aren't usually thought of when a house is purchased. The math of how many times your annual income you can afford is different based upon when you were born. In the 1970s there was a limit of two times your annual income was the most banks would finance (with 20% down of course)
Tent Housing - The Ultimate Starter Home