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When Does “House Poor” No Longer Matter?
When Does "House Poor" No Longer Matter? The general guideline is that you shouldn't spend more than 30% of your income on rent or a mortgage. But that assumes that all of your other expenses increase proportionately as your income increases. Lifestyle creep is real, but someone making $120K per year doesn't necessarily have 2x the expenses as someone making $60K per year. Is there a c...
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