this post was submitted on 11 Jan 2024
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I was taught budgeting in middle school where they actively taught people 3/4 of your monthly paycheck NEEDS to go to your mortgage.
I thought it was bank propaganda looking back on it.
3/4ths is definitely house poor living. There is some benefit to going as big as you can afford though since moving is a huge pain, buying a bigger better house up front can save a lot of headache and possibly money, but even then staying under 40% seems like a good idea.