Rent $$$ question

[shilala]

I spend o% of my take home on rent. I pay another 0% on my mortgage. Renters pay 100% of both. It's a beautiful thing (frought with stress).

 

[jst0ney]

Originally posted by: shilala
I spend o% of my take home on rent. I pay another 0% on my mortgage. Renters pay 100% of both. It's a beautiful thing (frought with stress).

Renters pay mortgage?

 

[cbehnken]

Originally posted by: jst0ney
Is 20% of my take home too much?

20-25% is reasonable.

 

[Anonemous]

mortgage at 57% 🙁

 

[Anonemous]

Originally posted by: jst0ney

Originally posted by: shilala
I spend o% of my take home on rent. I pay another 0% on my mortgage. Renters pay 100% of both. It's a beautiful thing (frought with stress).

Renters pay mortgage?

yup but the property taxes get ya 🙂

 

[Zolty]

$420 rent 2k take in 21%ish

 

[shilala]

Originally posted by: Anonemous

Originally posted by: jst0ney

Originally posted by: shilala
I spend o% of my take home on rent. I pay another 0% on my mortgage. Renters pay 100% of both. It's a beautiful thing (frought with stress).

Renters pay mortgage?

yup but the property taxes get ya 🙂

Edit:
Our renters pay our mortgage, property taxes, insurance and upkeep indirectly because all our houses are under one mortagage now and the rental income covers everything.
There, that makes more sense.

 

[Eli]

20% sounds damn good.

Including income from roommates, we spend 42% on rent. :Q

Without that, it would be 57%.

 

[thirdlegstump]

Bunch of my friends work to pay rent here in NYC. We're talking 75% or so. I'm around 60% and rent is close to 3k/month.

 

[cavemanmoron]

Originally posted by: quakefiend420
imho, as little as possible..save as much as you can for a down payment without living in a rathole 😉

Rent?? :thumbsdown:

Buy.:thumbsup: 🙂

 

[Ausm]

Originally posted by: Anonemous
mortgage at 57% 🙁

Wow , I never thought you could get a mortgage when it is over 50% of your income.


Ausm

 

[Vic]

Ideally no more than 35% of gross income.

 

[Eli]

Originally posted by: Vic
Ideally no more than 35% of gross income.

Ah, gross income...

So we'd be at 36% including roommate income, and 44% without.. heh