Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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SeattleRain

What a family of four is required to make to live comfortably (lemmy.world)

submitted 6 months ago* (last edited 6 months ago) by SeattleRain to c/housing_bubble_2

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[–] SeattleRain 3 points 6 months ago (2 children)

Their definition of "comfortable" is in the lower right corner. It is a 50/30/20 budget. 50% on necessities, 30% on discretionary spending on 20% on savings.

[–] AA5B 1 points 6 months ago

Wow, 20% savings! Yeah, that’s pretty comfortable, I don’t think I’ve ever known anyone to do that on a regular basis. Of course, as you earn more that quickly becomes lifestyle creep

[–] TubularTittyFrog -1 points 6 months ago* (last edited 6 months ago)

those numbers are radically different if they are 50K vs 500K. and generally that rule is only for those of us on the lower end of the spectrum.

if you're pulling in 500K a year you and spend 70% on necessities you still have 150K in disposable income.