I'm not going to break down an entire budget for someone living on 40-50k, but if they are spending more than 25-30% on rent/mortgage they will have a real hard time making utilities, food, car, insurance, etc work.
> 40-50k, but if they are spending more than 25-30% on rent/mortgage they will have a real hard time making utilities, food, car, insurance, etc work.
And yet millions of families in the US alone are literally making this work. So that’s nonsense.
I have literally lived this. There is no goddamn reason spending more than 50% of your income to own a nice home in a good location is necessarily a bad allocation - there are far worse. It’s not for everybody but it isn’t inherently irresponsible. So what value does an arbitrary rule like 25% have - especially considering differences in absolute income - none whatsoever.
Finding suitable roommates is also not something anywhere near as easy as you make it sound.
Have a nice day. I know I’m not going to stop you spewing your inane life advice.
I've lived it as well. I have kids that live it. I have many friends that live it. Not sure why you need to resort to personal attacks, but, yes, it's obvious this discussion won't be fruitful.
To meet some arbitrary 25% income metric - no thanks.
Notice you said nothing about “afford your bills” previously - but you have some very unsubstantiated definition for afford.
The idea that one should automatically consider roommates if they can’t keep housing below 25% of income is asinine.
Meanwhile still waiting for the derivation of “25%” in the first place.