The 1/3 "rule" is becoming out-dated, I agree.
Something I've been noticing lately with this changing housing market is the effects at the lowest level. Fixed income seniors and disabled people used to be able to afford a nice townhouse in a cheaper area using their SSI but those people are being priced out and are having to downsize. This is the first time I've seen this happen. Your $750 housing budget that used to provide a nice 3br townhouse is now providing a two, or even one-bedroom, apartment.
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Mr. K the monopoly man
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