Far outpacing the widely accepted guidance that Americans should spend no more than 30 percent of their income on housing costs, homeowners in high-priced markets are spending more than three-quarters of their income on their mortgages and related homeownership costs, according to a new Trulia research report.
Well, thank heavens that’s over. Not! It’s never over. Which is a good place to begin. Start by sorting Wall Street propaganda and bad theories in general from clear thinking about what’s actually happening and ahead.