Eh.. sort of. I lot of people argue you shouldn't spend more than a 3rd of your income on home. You argue that it's %50 in the Bay Area.. but I don't think that

Eh.. sort of. I lot of people argue you shouldn't spend more than a 3rd of your income on home. You argue that it's %50 in the Bay Area.. but I don't think that invalidates the 3rd rule - that's simply a bad area/job. If I make $300k in a place where it costs $280k to live, I'm basically poor. It doesn't invalidate the 3rd rule, or this 50/30/20 thing - if anything, I'd argue it validates it.