It's only Monday and this is the bar that's been set for dumbest thing I'll read this week
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There’s unfortunately zero incentive for the wealthy to behave in any other way.
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A $1.6M home on a $400K household income, w/young kids, is how you end up house poor. The conventional wisdom that your mortgage should be up to 25% of your gross income is ridiculous. More like your total housing costs. That house is about 20% more than they can afford.
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