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Money and Finances
Reply to "4 months emergency account only?"
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[quote=Anonymous][quote=Anonymous][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] Seriously? I make $170k and after tax even less. Where can I buy a house for that?! I think the under 30% is a better rule. [/quote] I think this poster must live in one of those places on hgtv where you can buy a five bedroom house with hardwoods and granite for three hundred thou.[/quote] Yup. This rule would be difficult to follow for the DC-area middle class.[/quote]
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