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Old 12-28-2003, 01:08 PM   #1
gwilks98
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How much income (%) should go to mortgage/rent?

I'm looking to move out of my parents' house this spring and I'm working on the budget. Does anyone use a rule of thumb to determine how much of their income they spend on rent/mortgage payment? The last thing I want is to move into something I can't afford, or spend the next year in the projects when I don't have to.
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