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Reply to "4 months emergency account only?"
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[quote=Anonymous][quote=Anonymous]NEVER spend more than twice your after tax yearly income on housing. If the house price doesn't fit this rule don't buy it. Sticking to this rule is a cornerstone of building wealth.[/quote] That's ridiculous. What if you have a massive down payment? You still shouldn't buy a house that costs more than 2x your after-tax salary? Nonsense.[/quote]
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