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05/08/10
Can you afford to live in your house?
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:35 pm

For years, renters and homebuyers were told they couldn’t afford a home if it cost more than 30 percent of their income.

Now, an influential research center has come up with another yardstick that it says more accurately measures whether your choice of housing is beyond your means: The combined cost of housing and transportation shouldn’t exceed 45 percent of your income.  more…


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