Comment I'm a real estate agent (Score 2) 370
What's the big deal? To quallify for a loan, lenders generally won't quallify you if you're going to be spending more than about 38 - 40% of you're income on housing. people push right against that limit all the time. It seems like when people get to where they are spending less than 30% of their income on housing, they're looking to upgrade.