Homestead mailing list

[Clansgian AT wmconnect.com]

In a message dated 9/24/2008 8:32:21 PM Eastern Daylight Time, 
bobford79 AT yahoo.com writes:


> >How big are the houses of which you speak.  The average house, built today 
> is about 2000 sq. ft.


If it's meat for the discussion, I'll list the three sources I used for this, 
but the average size of a house built in 2008 was 2412 sq ft.  But that 
number is fudged, a lot of space and appendages are not counted in that.  The 
way I 
would reckon the size of a house, that number is closer to 2800 sq ft.

And that's the AVERAGE.

>  
> >I've always agreed that a house which someone buys for their personal 
> residence , should not cost more than 3 X annual salary, before txes.  The 
> lower 
> you can go than that the better.  But,  3X should be max, and you should 
> have 
> enough $$$ for 20% down, and 3 months worth of utilities.

I've always considered all such paradigms and saws to be pure bunk.  That's 
probably I've lived in a house I've owned since I was 25 and yet I've never 
had 
a mortgage.  And why I'm not sweating out the current financial bruhaha.   
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