Why You Should Be Skeptical of Financial “Rules of Thumb”
Prairie Eco-Thrifter
MAY 1, 2013
Markets and economic conditions change as well. If you are buying a home, start with the 30% rule, and then evaluate where that puts you in terms of finances. And what happens when you add in property taxes, utility, home insurance, and maintenance? The market might not return what you expect each year.
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