A good rule of thumb is that a house should cost no more than 214 times its owner's income. I low much should you be earning to afford a $64,000 home?

The correct answer is B. $25,000. See the full explanation below for the reasoning.

Question

A good rule of thumb is that a house should cost no more than 214 times its owner's income. I low much should you be earning to afford a $64,000 home?

Options

A$20,500
B$25,000
C$32,000
D$160,000

How the community answered

(23 responses)

A
9% (2)
B
74% (17)
C
4% (1)
D
13% (3)

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