“...if you’re buying a house, it shouldn’t cost more than twice your income.”
How many living in metropolitan areas could feasibly do this? Twice my income (and it’s a pretty good income) couldn’t buy a house in my shitty, shitty neighborhood. My house is worth more than double - it’s nearing over triple - my income. Thank gof I bought in 2012, right? RECESSION! BURSTING BUBBLES!
But seriously. Take your income, double it, and find something you’d be happy to live in for the rest of your life in your area. For me, I’ve already tried. Nothing but mobile homes, condos and vacant lots