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The percentage of cost-burdened renters, those paying more than 30% of their income for rent, grew from 40% in 2001 to 46% in 2007. 20 Since then, this increased to 50%, before reducing somewhat.
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How much should you save every month? Many sources recommend saving 20 percent of your income every month. According to the popular 50/30/20 rule, you should reserve 50 percent of your budget for essentials like rent and food, 30 percent for discretionary spending, and at least 20 percent for savings.
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Mortgage Masters Group If the parcel being added to yours is large enough to fit local zoning/size guidelines then it could simply be added to yours as a separate lot, in other instances it will have to become singular to your land which can also create lending issues if either property carries a mortgage since the entire legal description will.
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