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Reply to "Nerdwallet's How Much House Can You Afford is comical!"
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[quote=Anonymous]It's a free tool just to get a ball park of an extreme. At the same time, the 3x rule is stupidly outdated. It was made in the 70s and 80s when interest rates were over 10%. The 3x rule doesn't apply when interest rates are lower. It also doesn't account for the fact that if you have a higher HHI, things don't scale linearly in terms of salary increases vs debt load. [/quote]
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