4 ms·
one of the most important key stat is defining housing spend to be "no more than one-third of income" if you make >3x your rent i'd say you are cruising in lif
by pxue 7y ago
one of the most important key stat is defining housing spend to be "no more than one-third of income"
if you make >3x your rent i'd say you are cruising in life.
- helen___keller 7y agoIn big cities and successful metropolitan regions I'd agree. It's a consequence of how quickly housing costs have outgrown all other costs in cities that the "one-third rule" doesn't really apply anymore. On the other hand if you live in a small town, it's quite possible to make 3x your rent and still be struggling.