# Advice on buying my 1st home

**URL:** <https://boards.straightdope.com/t/advice-on-buying-my-1st-home/348716>\
**Category:** In My Humble Opinion\
**Created:** [March 17, 2006, 8:25am UTC](https://boards.straightdope.com/t/advice-on-buying-my-1st-home/348716 "2006-03-17T08:25:25Z")\
**Posts on this page:** 1\
**Page:** 2

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**Author:** ![Metacom](https://avatars.discourse-cdn.com/v4/letter/m/ecae2f/32.png) [@Metacom](https://boards.straightdope.com/u/Metacom)\
**Post date:** [March 18, 2006, 5:30pm UTC](https://boards.straightdope.com/t/advice-on-buying-my-1st-home/348716/21 "2006-03-18T17:30:24Z")

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> [@engineer\_comp\_geek](#):
>
> A really good rule of thumb is that the money you spend for your house should be no more than 1/3 of the money you bring home. If you have $3k per month income, you should be looking for a house that’s more in the $100k to $120k range. $150 would be absolutely pushing it.

I thought that rule of thumb was for _gross_ income–he might have ment $3k a month after taxes…

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