[mnehring]

I was going to ask about her income, I do know a few 20 year olds who are doing well and could afford this, but then I found this in the article:

The monthly payments on her debt amount to $1328. Her income is $2470, leaving her with just $285 a week to live on. She's paying 54% of her income to make the mortgage payments.

I thought the old rule was the mortgage payment couldn't be more than 1/4th of your after expenses income?

[Ladysmith]

I thought the old rule was the mortgage payment couldn't be more than 1/4th of your after expenses income?

I thought it was 30% but could be wrong.