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Question # 2: Your residential market segment has an average minimum salary of $73,000/ year. Typical taxes are $4,000/ year and insurance is $2,000/ year.

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Question \# 2: Your residential market segment has an average minimum salary of $73,000/ year. Typical taxes are $4,000/ year and insurance is $2,000/ year. 30 year mortgages are 9% APR and 95% LTVR. If your market segment can spend up to 30% of their income toward PITI for a new home in your development, what is the maximum list price you should offer

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