[ABCLAW]

200k annual income is enough to service the mortgage on a luxury apartment on Manhattan proper without straining the budget too much. This is about owning, not renting.

If you meant 'detached house' by home that's another thing entirely.

[wan23]

Though getting the money for a down payment is a bigger problem. It takes a while to save up the $250K down + closing costs (let's not forget that 1% mansion tax) on a $1.2M one bedroom apartment.