Should I Spend 30% on Housing? Personal Finance Rules Need a Revamp – Bloomberg

Some of the best-known rules of thumb in personal finance have outlived their usefulness. 

While it’s helpful to have a starting point for a housing budget or savings target, or for splitting an investment portfolio between asset classes, many popular guidelines date back to a time when the growth in real estate prices and wages was more closely aligned, student debt hadn’t breached the trillion-dollar mark, and stocks and bonds didn’t fall at the same time.

Source: https://www.bloomberg.com/news/articles/2022-09-13/should-i-spend-30-on-housing-personal-finance-rules-need-a-revamp

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