Is Sun Country Buying Too Much Home?
Do you really need a larger home? This question may seem counterintuitive coming from a real estate agent.
Here's a case for buying a less expensive home: Financial experts say a good rule of thumb is to spend about 2.5 times your gross annual salary on a home and to keep your housing payments around 25-30 percent of your monthly income. The top 20 percentile
of earners nationwide know this; they spend 29.9 percent of their monthly income on housing, while the bottom 20 percent pay almost 40 percent.
In Sun Country, which includes all townships and boroughs in Elizabethtown Area, Derry Township, Lower Dauphin, and Palmyra Area school districts, the median home sale price in 2019 wa...