Tuesday, June 24, 2008

In her Monday blog post on foreclosures, what did Carmen Wong Ulrich say "matters most"?


Squawk on the Street

In her Monday blog post on foreclosures, what did Carmen Wong Ulrich say "matters most"? Answer: home expense/salary ratio





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In her Monday blog post on foreclosures, what did Carmen Wong Ulrich say "matters most"?

Foreclosure Fight: We're In It Together

Here's what matters most: As I've said before, the rule of thumb that will serve in boom times and bad is to keep housing expenses including taxes, insurance, and mortgage payments at or below 30% of your monthly take-home pay. A few years ago, I was called conservative for sticking to this but semi-conservativeness is what protects you when the bottom falls out—and it always will at some point.