28/36 Rule
Categories: Real Estate, Investing, Bonds
The 28/36: It's a rule of thumb set of parameters that gives a rough outline for home budgeting. In a 28/36 rule, the homeowner will spend no more than 28% of their gross monthly income on total household expenses, and no more than 36% servicing debt. How'd they come up with those numbers? Well, we hear it started with a donkey and a blindfold.
