Realistically, What Is Affordable Housing?

Suze Orman suggests you start with 20% down payment for a house (or living space) with 8 months of emergency fund available to you. Others note the 30% Rule of housing costs which include utilities, taxes, insurance and rent/mortgage. Asking Google.com suggests 30% of your monthly income before your taxes. What are you paying? And do you have an emergency fund? I have known others recommend 6 months of an emergency fund.

An emergency fund is where you have enough money in your savings so you can cover living expenses for that amount of time.

Suze Orman: Can You Afford to Buy A Home?

How Much To Spend on Rent, Based on Income

What Is Affordable Housing?