I dont think these things are hard and fast.. to me look at whats left after the rent is paid is it enough to really live on.So if rent is 5k a month for instance that means tenant needs 15k a month in income pretty standard .. well that tenant now has 10k a month to live on.. most people can make due on that.so if this tenant came to me and only made 10k a month  2X the rent I know they have another 5k a month to live on so sure that works.where this is important is in lower income low rent areas were rent is say 800 a month and 3X is 2400 minus rent leaves 1600 a month for EVERY thing else can you live on 1600 a month ???

Hi All,I am planning to invest in a house where rent vs own ratio as below:Rent 16% & Own 84%Is this a bad thing that there is only 16% of the people renting or is this a good thing as there is less people who rent so quality of tenant will be high ?

Now I see lot of people ( many on youtube) are suggesting that housing market is progressing towards a recession/ correction/crash and prices are going to fall soon.

People expect more. 

The other issue is the time and energy it takes to sort this out if you end up being reassessed (some people never have it happen.)  

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

If more people are leaving then coming in, prices should go down?

Now people will say “of course you’d tell someone that, you do mortgages”…I also have a conscience and want to be able to sleep at night haha.

OOS just complicates things for most people. 

This is a great place to learn and to connect with people so take advantage of all the great resources.