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Curiosity thread....rent/mortgage to gross monthly pay ratio

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North Mississippi (Tupelo)
Mortgage, taxes, insurance (including PMI) comes out to 25% of my gross pay
Taking into account my wife's income, it drops to 13% of our combined gross pay
 
About 25% I think. We'll have the house paid off about the same time the youngest is old enough for school and my wife goes back to work - I'm gonna feel like Donald Trump!
 
Most of you have no idea how lucky you have it.

About 47% of take home pay here. Central Florida.

New home.

Was unbelievably much higher when I moved in due to crappier job.
 
right now its 19%, renting. tucson az.
when our house is done in december, 44% of our income is going to the house payment/taxes/insurance etc.
(we make about $4300 a month after taxes. house payment will be $1900)


 
How the hell do you people in the Bay Area have a percentage under 40%? Did you buy a long time ago or do you just make a ton of cash?
 
Less than 1%

I hate debt. And I find I get a lot farther ahead a lot faster without paying interest. and live quite simply. No kids, not married.

I have no morgage because my home I bought with cash. I have other properties I bought with cash. I have a BMW that I have totally paid off.
 
About 40% mortgage,insurance and taxes here in NJ
but taxes in my town are 2.4% of current market value (no difference between my assesment and what my neighbor sold for) and the keep it current every year or so.

A few miles away there is a house assessed at 2.5 mil and he pays 60k in taxes anually.
 
26%. Bay Area, CA. Single dude, single income.

Originally posted by: TheNinja
How the hell do you people in the Bay Area have a percentage under 40%? Did you buy a long time ago or do you just make a ton of cash?
Click to expand...

When I bought it, it was above 40% my gross income. My income's gone significantly up since then. Plus, I refinanced at a 30-year fixed lower interest rate, so my payment went down. Double bonus, to result in the reduced (but still a lot of cash) percentage of income.

Prices have gone up so much since I bought that I count myself lucky I got in when I did. No sign of prices dropping in my neighborhood either.
 
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