ST Alpha - "I like this advice. Wasn't the guideline in the US that if your mortgage payments exceed 40% of your gross income, then you shouldn't be buying." (Reading a Post)

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I like this advice. Wasn't the guideline in the US that if your mortgage payments exceed 40% of your gross income, then you shouldn't be buying.

Posted by Loyola Jun 17 '09, 10:05

At least it was something like that before the craziness of the property bubble, iirc.

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