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How much home can I afford on my salary?


Image Gallery: Real Estate Is your salary large enough to support the home you want? See pictures of real estate.
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Buying a house is arguably the most important purchase of a lifetime. There are many benefits to home ownership, including tax write-offs and the freedom to do as you choose (with some exceptions) without having a landlord knock on your door. Yes, a place to call your own comes with rewards, but there are also responsibilities. The landlord, who isn't lording over you anymore, also isn't writing a check to the plumber and the lawn guy. And most importantly, home ownership is a big financial commitment. Here are some tips for figuring out how much home you can afford on your salary.