I remember the first time I bought real estate. I had absolutely no idea what I could afford nor where I should buy my place. After talking with coworkers, family, friends, and doing my own research, I figured it out. It was quite depressing how much buying power I had but it helped set my personal expectations. In any case, here are my top 3 key performance indicators for those looking to buy a place.
Your monthly housing costs should not be more than 32% of your gross monthly income. Monthly housing costs typically include:
Mortgage payments (principal...