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Reply to "Did you buy a house that stretched your budget? Was it worth it?"
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[quote=Anonymous]38% of net is a stretch when you make 50k. 38% of 250k salary is not a stretch whatsoever. The mortgage rules that you shouldn't spend more than 1/3 your income were meant for people in lower income brackets because things like car payments and food can send them under easier since there's not much actual cash left over after you spend 1/3 income of 50k. [/quote]
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