what % of income goes to your house

[TheoPetro]

Just like the title says. I plan on getting an apartment soon and was just curious what % you guys are paying for your house/apartment/whatever?

I was told you should only spend around 20% but that wouldnt be enough $ to pay the rent anywhere.

 

[nwfsnake]

10%

 

[pontifex]

Originally posted by: TheoPetro
Just like the title says. I plan on getting an apartment soon and was just curious what % you guys are paying for your house/apartment/whatever?

I was told you should only spend around 20% but that wouldnt be enough $ to pay the rent anywhere.

you're not making enough money then?

 

[IronWing]

17.6% including property tax and insurance.

 

[TheoPetro]

Originally posted by: pontifex

Originally posted by: TheoPetro
Just like the title says. I plan on getting an apartment soon and was just curious what % you guys are paying for your house/apartment/whatever?

I was told you should only spend around 20% but that wouldnt be enough $ to pay the rent anywhere.

you're not making enough money then?

heck no im not. Im still in college and can only work part time. So if I was making 12/hr I can only work enough in a week to equal a 40 hr week at 6/hr.

 

[classy]

We are about 20%.

 

[Don Vito Corleone]

I spend about 23% after withholding, but I put the max possible into my 401K, so I guess I spend around 27% of my net, take-home pay on my mortgage. I am at about 16% of my pre-tax income.

 

[Squisher]

10% of pre-tax.

 

[K1052]

About 30% but that's for two condos.

 

[AdamDuritz99]

25%

 

[Descartes]

About 4%.

 

[tfinch2]

40% of me and my GFs combined income goes to apartment rent.

 

[aircooled]

I'm at about 20+ % of my income, but 10% with combined income.

 

[bucwylde23]

We talking pre-tax or after?

Pre-tax in the area of 18%, after tax 25% close to 26%.
Insurance/taxes included.

Edit: this is combined income with my wife..

 

[Scouzer]

20% post tax.

 

[Jfrag Teh Foul]

Little under 25%

 

[brtspears2]

About 50% after all the stuff is paid.

 

[dandruff]

21% of takehome.

 

[crownjules]

About 14% of my pre-tax income. It's close to 20% after taxes.

 

[D1gger]

Originally posted by: Descartes
About 4%.

Same for me.

 

[Electric Amish]

Around 38% covering my first and second mortgages.

 

[Aztech]

I forgot what the rule of thumb is. I think it's don't spend more than 25-35% of your income on it.

 

[Toastedlightly]

~120%

 

[PricklyPete]

Originally posted by: TheoPetro
Just like the title says. I plan on getting an apartment soon and was just curious what % you guys are paying for your house/apartment/whatever?

I was told you should only spend around 20% but that wouldnt be enough $ to pay the rent anywhere.

28% at the moment...that will go to 17% once I get married this June.

 

[Garet Jax]

Originally posted by: TheoPetro
Just like the title says. I plan on getting an apartment soon and was just curious what % you guys are paying for your house/apartment/whatever?

I was told you should only spend around 20% but that wouldnt be enough $ to pay the rent anywhere.

~17% of my gross pay is earmarked for my mortgage.