They spend $3,900/mo on rent for 800sqft, but on $500k/year that’s about 9.4% of their income. The recommendation is no more than 30%, or for them $13,888/mo. That’s close to the $10k/mo they say they try to save. And of course at this level food cost is no object.
And there are plenty of large condos in this area that they could afford right now.
They spend $3,900/mo on rent for 800sqft, but on $500k/year that’s about 9.4% of their income. The recommendation is no more than 30%, or for them $13,888/mo. That’s close to the $10k/mo they say they try to save. And of course at this level food cost is no object.
And there are plenty of large condos in this area that they could afford right now.
They’re winning.