Blues Gal

The 28-33% Mortgage Payment Rule: Confronting Reality

I agree with the article. Another idea to add to this would be to help those
in unaffordable mortgages find new housing that they can afford. There is
a growing amount of housing that is being abandoned, at all price levels.
Lets move the folks down a notch into a house that has payments that are
within their budget! The banks probably already have houses in their own
portfolios of delinquent loans that they could work these people into.