The Math Doesn't Work Anymore..The 30% Rule is DEAD

00:00 The Math No Longer Works...The 30% Rule is DEAD 09:31 Renters Are Changing The Meaning of The American Dream 13:50 If You Are a Renter, Watch Out For This 18:27 Walt Disney Joins The Property Tax Fight in Florida A good rule of thumb back in the day when buying a home was that you never wanted to spend more than 30% of your gross income on your mortgage payment. But now in order for people to even qualify many Americans need to spend 43% or more of their gross income on their monthly payment and of course it's far higher than that when you look at the net income. Subscribe to My New Clips Channel https://www.youtube.com/@MichaelBordenaroClips ======= Need a Real Estate Agent? Get one for FREE: https://homeandmoney.com/michael/ ======= Sign Up For my Weekly Newsletter: https://subscribepage.io/MichaelBordenaro ======= My Filming and Editing Equipment https://michaelbordenaro.com/my-youtube-gear/ ====== Save Money on Property Taxes FOREVER! http://Ownwell.com/michaelbordenaro ====== Get Cash Back on ALL your Internet Purchases! https://www.rakuten.com/r/NIRVPL2?eeid=28187 ====== My Microphone (Lot of People Have Asked) https://amzn.to/3Mhs2oz Articles Mentioned in the Video https://apple.news/AldowyzoCStm6Oo0IFf6ynw https://apple.news/AJMrWGt7dRE2etP9hMOZfsA https://apple.news/AtFaMfe66SimwO3UewqlhDw https://apple.news/ARSAhIIUKR5OLThCubg6POw FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :) DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.