Now I need to understand what "comfortably" means. I doubt my definition and theirs align.
Came here to say this. I went to the article ( the archived version](https://archive.today/NMKDY) for their definition:
“Comfortable” is defined as the monthly income needed to cover a 50/30/20 budget, which allocates 50% of your earnings for necessities like housing and utility costs, 30% for discretionary spending and 20% for savings or investments.
That didn't help much. My idea of 'comfortable housing' is likely different from theirs.
Yeah, what kind of 50-30-20 are we talking about here. I recall back some thirty years ago or better that only 25-30% of income should apply to housing. That was kind of the standard by how much of a house you could be given a loan for.
(post is archived)