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What really is the logic behind the 3x rent thing

If I’m making 3x what the average rent is (which around me is like $1500) then I’m making like $4500 a month which would be A DREAM but If im making that much, why would I not just save up the money for a down payment on a house, and use first time home buyer less down payment percentage thing, and own my own house for half of what the rent even was charging. Sure I may not buy a insanely nice house or townhouse, or condo and it may be a bit further away But why would I bother still when I could just own my own place making that amount of money


If I’m making 3x what the average rent is (which around me is like $1500) then I’m making like $4500 a month which would be A DREAM but

If im making that much, why would I not just save up the money for a down payment on a house, and use first time home buyer less down payment percentage thing, and own my own house for half of what the rent even was charging.

Sure I may not buy a insanely nice house or townhouse, or condo and it may be a bit further away

But why would I bother still when I could just own my own place making that amount of money

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