1975: The Lame 25% Rule and How Much House You Can (Responsibly) Afford by Philip Taylor
Optimal Finance Daily - Financial Independence and Money Advice
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How Much House Can You Afford?
Dave ramsey's rule of thumb about not having a mortgage payment for more than 25 % of your salary is limited in its simplicity. Test to find out what you can afford before you buy. With the increased cost of home ownership, one thing you can do is take 30% of your expected mortgage and interest payment and add it back on.
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