So do the 28% and 36% guidelines apply to higher income families?

Asked by John, 07030 Tue Sep 22, 2009

So do the 28% and 36% guidelines apply to higher income families? It seems to me if you are making $300K (maybe one day), and only spend 28% on housing, what the heck are you going to do with the rest of your money? I doubt a $300K family spend 5 times as much on food as a $60K family. Just curious, I wish it applied to me, but just thought of this when I was looking at all of the expensive Westfield homes. I know they are only guidelines, but are they the same guidelines the more you make?

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Greg Knox, , Cedar Knolls, NJ
Tue Sep 22, 2009
Yes, they still apply, but they are just guidelines and usually are exceeded. Don't forget a $300k family needs the proper bling.
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Greg Knox, , Cedar Knolls, NJ
Tue Sep 22, 2009
Yes, they still apply, but they are just guidelines and usually are exceeded. Don't forget a $300k family needs the proper bling.
0 votes
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