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A comment on Home ownership is the West’s biggest economic-policy mistake. Parent comment

Re:Home ownership is the West’s biggest economic-policy mistake by mustyoshi on Tuesday April 20, 2021 @08:43AM (#26873799)
”60% monthly salary on a mortgage"

I think everyone would agree that that is not financial freedom, but it's commonly accepted and taught that your rent/mortgage shouldn't be more than 30% of your take home.

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Re:Home ownership is the West’s biggest economic-policy mistake by janekm on Tuesday April 20, 2021 @12:14PM (#26876655)
That was my poorly made point, indeed... It can be more sensible from a financial freedom point of view to rent at 30% of take-home pay than mortgage at 60%.
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Re:Home ownership is the West’s biggest economic-policy mistake by ClumsyPilot on Tuesday April 20, 2021 @07:55PM (#26883584)
for some people that 30% is literally impossible in a major city
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