On: 5.6M vacant homes and counting: There's a housing ...

[fooker]

Do you mean yearly income?

Houses have been historically between 5-10x of your yearly income.

If you could buy a house with less than half of your yearly income, might as well save for a year and buy without a loan.

[science4sail → fooker]

I think that they meant the monthly mortgage payments, not the total price of the house.

[halfdan → fooker]

They mean to cover their loan payments they need to pay >50% of their income.