3 ms·
While you are right, it is an exceptional scenario to earn that kind of money. So it is statistically insignificant to calculate absolute income minus rents etc
by geodel 8y ago
While you are right, it is an exceptional scenario to earn that kind of money. So it is statistically insignificant to calculate absolute income minus rents etc.
- PhasmaFelis 8y agoIt's quite significant even within much more common ranges. If you make $60K/year and spend 25% of it on rent, you net nearly 20% more than someone who makes $40K and spends 5% on rent. Looking solely at percentage of income spent on housing will lead you to a very wrong conclusion in that circumstance.
- jexah 8y agoYou're forgetting about income tax.
- PhasmaFelis 8y agoThen factor that in as well. The divide between $60K/25% and $40K/5% will still be substantial.