How much money do I need to make to afford a $600,000 house in NYC?

Carl G asked:


I’m trying to figure out what gross anual salary I need to buy a house.

I have no loans, no kids, I’m single. All I pay is car insurance for my 2000 Toyota Celica($10k car) a 2001 Suzuki sport bike($3000 bike) and for my 1994 dual sport motorcycle($1500 bike). I don’t have cable and my cell is $40/month. Cell could go from $70-$100 if anything at all beyond the monthy fee.

I can put down $10,000

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