My parents' mortgage in the 1980's was about 15% of our household income. Only my dad worked. It was a house large enough for a few kids, a home office, a guest bedroom, and a big basement entertainment room.
I recently had an exhaustive back and forth with a status quo warrior that said actually the poorest workers in the United States were spoiled and rich actually because the GDP was so dazzlingly high compared to other countries.
That was it. That was the entire basis of that smug asshole's argument. Rent and healthcare costs don't real. Rejoice, you ungrateful poors.
Isn't GDP a pretty bullshit metric in general? At least outside of the narrow thing its used to measure
The maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry.
2/3 on my mortgage. Yay.
With any luck my income will continue to grow and this will change in the next few years.
And I’m feeling better and better about buying even if the timing was at the peak last year.
Huh, I only spend 25%. But then again, I rent from municipality owned housing in Sweden.
how to lower your rent with one simple trick. Landlords hate him!Until a decade ago, the rule of thumb was never spend more than 20% of your salary on rent. Then it changed to 25%. Now everyone's saying 33% like there's some sort of thought behind that number other than "We want more of your money"...
he stays winning