this is the ramsie call of the day part of the ramsay network joining me today is ramsie

personality dr chondeloney mike is in montana hey mike how are you i'm doing well how are you

better than i deserve. What's up?

Good. Well, my wife and I have been in Babysip 3B for about 30 months now, and we are wondering

if we're getting a little too long and we should start moving things around or what?

We're in an area where we think that we can find a house for 180.

It's a sale price.

And my take-home pay is such that 25% would make us have a $51,000 down payment.

But if we cheated that 25 up to 30%, we would only need 28, which is about what we would

have by the summer.

So I'm wondering if that's something that is acceptable or if we should just go to take a

cold shower or something.

Okay.

Let's pan back for a second and say, okay, why do we have a ratio on the size of house payment?

Not how much can I get away with.

Why do we teach you that?

Well, we teach you that because if your house payment is too freaking big as a percentage of your income, you can't breathe.

You have no margin.

And then everything other than the house becomes a crisis because the house is pinching you.

And that's what we in our business call house poor.

Now, you know all that

right mike yes sir okay and so to the extent you go over 25 percent you start moving in that

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