Average percent of income spent on housing tops 38%

[gromicko (Nick Gromicko, CMI)]

So much for not spending more than 1/3 of your income on housing.

Families Must Spend 38% of Their Income on House Payments

[bhull1 (Bert Hull, CMI® TN #1162)]

So many people are house-poor these days. 25% of gross should be the maximum you spend on housing or you won’t have enough to invest for a comfortable retirement.

Here are some rules that I agree with from The Money Guys.

Buying a House - Money Guy’s Ultimate Guide To Your Biggest Purchase | Money Guy