Odd coincidence or the source of the problem?Traditionally, the government and most lenders consider home owners spending 30 percent or more of their income on housing costs to be financially burdened. That definition now covers nearly 38 percent of American home owners with a mortgage 19 million of them.Here are the top 13 areas where the most mortgage holders spend more than 30 percent of their income on their homes. The information is an estimate based on an analysis of Census data by Harvard Universitys Joint Center for Housing Studies. 1. Mia[...]
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[Source: The Money Blogs]
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