What is Chambers's consesus on how much house you should buy?

I was talking about buying a house with a realtor the other day. My fiance and I make about $110,000 combined. No debts, decent savings, and a pretty solid understanding of what house prices are in our area. <br><br>We told the realtor how much we wanted to spend and he said we should spend more. He was saying we should spend up to 40% of our income on a house note. We think that is pretty ludicrous and we would be considered house poor. We do have a nest egg, but if something happens and I lose my job I'd rather not have to dip into it. I'd also rather not have to buy a more expensive house that is further away and has a longer commute. <br><br>I was wondering what the consensus was on Reddit.