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Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering other expenses. As you can see in the graphic below, the percentage of income needed to buy is actually less than it is to rent a home.Contact the Thomas & Kauffman team at 512-730-1252 so we can show you how easy it is to purchase your dream home.