‘Deeply troubling’: The 30% rule for housing costs is ignored by almost 8 in 10 Americans, study says — is it time to revisit this common budgeting technique? - Upgoat

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‘Deeply troubling’: The 30% rule for housing costs is ignored by almost 8 in 10 Americans, study says — is it time to revisit this common budgeting technique?
submitted by Joe_McCarthy to OccidentalEnclave 8 monthsAug 29, 2024 19:27:32 ago (+0/-1) (OccidentalEnclave)

[ - ] RabbiKinderschtupper 0 points 8 monthsAug 29, 2024 20:44:00 ago (+0/-0)

I know way too many people like this. The wife and I are definitely under 30%

[ - ] Joe_McCarthy [op] 0 points 8 monthsAug 29, 2024 19:29:42 ago (+0/-0)

- US housing supply rose a record 14% in July, according to data from Redfin.
- A record number of buyers backed out of purchase deals in July due to high costs and economic worries.
- Still, home prices are just 0.7% below a record high.

https://www.businessinsider.com/houses-for-sale-supply-inventory-costs-mortgage-rates-prices-fed-2024-8