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No, they choose a percentage of income for housing, I think 30% or 35%, and calculate from that so 50K * 1.2 * 0.3 = 18K/year = $1500/month
by SethTro 4y ago
No, they choose a percentage of income for housing, I think 30% or 35%, and calculate from that so 50K * 1.2 * 0.3 = 18K/year = $1500/month