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How much of a house could a person making $200k or more?

If they made 250k could they afford a 2 million dollar house. What if a family together makes 500/year what is the highest amount they could afford? A radiologist (270/year) is marrying a orthodontist (210/year) They want to build a 7 thousand sqft home in Atlanta and do not plan to spend more than $2million on it but still have high end luxuries.

Public Comments

1. ummm you have like 5 questions lol. a family bringing in 75k a year can afford an almost 1/2 mill house, so of course. <GO MARINERS '08> -and the hawks.
2. I like ro hear stories like this, I hope u r the orthodontist. acrualy they can afford a 5 million $ house easily.
3. it's not a question of can they afford but rather how is their lifestyle how much debtload / income ratio? how much in savings pension yada yada yada once those are factored in do you truly know if they can afford it just because combined income is 500k plus a year does not mean anything
4. I just love status. Bying something you don't need with money you don't have to impress people you don't like. Why buy something outside of your means. Wouldn't a $250K house suffice? Why rub the poor folks who are helping pad your wallet with high medical costs?
5. A wise man once told me based on his income it was easy for him to buy something expensive but the truth is he said, long term can he really afford it. He also said no more then 20% to 25% of your income should go toward your mortgage, so you do the math.
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