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”60% monthly salary on a mortgage" I think everyone would agree that that is not financial freedom, but it's commonly accepted and taught that your rent/mortga
by mustyoshi 5y ago
”60% monthly salary on a mortgage"
I think everyone would agree that that is not financial freedom, but it's commonly accepted and taught that your rent/mortgage shouldn't be more than 30% of your take home.
- janekm 5y agoThat was my poorly made point, indeed... It can be more sensible from a financial freedom point of view to rent at 30% of take-home pay than mortgage at 60%.
- ClumsyPilot 5y agofor some people that 30% is literally impossible in a major city