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re: What % of gross annual income do you pay in Rent/Mortgage?

Posted on 12/13/15 at 11:11 pm to
Posted by Spirit of Dunson
Member since Mar 2007
23111 posts
Posted on 12/13/15 at 11:11 pm to
10% on mortgage, taxes, and insurance.
BR. 1800 sqf 3 bed 2 bath
Posted by threeputt
God's Country
Member since Sep 2008
24791 posts
Posted on 12/14/15 at 6:39 am to
My mortgage is 200% of my gross income.


Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5835 posts
Posted on 12/14/15 at 6:44 am to
13% of gross
Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 12/14/15 at 7:37 am to
17%
3 BR, 1.5 Bath in Thibodaux
Need a roommate to cut that percentage in half.
Posted by schexyoung
Deaf Valley
Member since May 2008
6534 posts
Posted on 12/14/15 at 7:39 am to
14.6% (includes escrow)

Dallas

Type: 4 Bedroom; 2 1/2 bath, 3000 sqft

Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 12/14/15 at 7:41 am to
22% of net, which makes more sense for comparison across states.

Holly Springs, NC
2300 sqft 4br/3ba

Good news is my home value has increased 15% in just the 2 years since we purchased. (independent and county appraisals)
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61834 posts
Posted on 12/14/15 at 7:42 am to
I've got 11% in rent in BR. Going to be buying a house in the near future, which will put me around 17-18%
Posted by Motorboat
At the camp
Member since Oct 2007
22677 posts
Posted on 12/14/15 at 7:58 am to
9%

Baton Rouge

4 BR house/ 3200 sq feet
Posted by Coach Guidry
Member since Nov 2007
2333 posts
Posted on 12/14/15 at 8:49 am to
0.046%

Wow. I had not really calculated this in a while. Great thread.

Posted by Phate
Baton Rouge
Member since Mar 2006
11723 posts
Posted on 12/14/15 at 9:09 am to
12%
Posted by BayouNation
Member since Sep 2008
2009 posts
Posted on 12/14/15 at 9:44 am to
14.75%
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37080 posts
Posted on 12/14/15 at 9:46 am to
South Louisiana, pay about 11.5% (including escrow) of gross for wife and I. I don't want to be house poor, I enjoy doing other things with my money (like spending some and saving some)
This post was edited on 12/14/15 at 9:48 am
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37080 posts
Posted on 12/14/15 at 9:47 am to
quote:

0.046%


Tiny SBA home equity loan?
Posted by rilesrick
Member since Mar 2015
6704 posts
Posted on 12/14/15 at 9:59 am to
8.5 % of both incomes.
2580 Sq FT BR
$200K+ in equity
Retire to mtns.in 5 yrs
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 12/14/15 at 10:24 am to
Plenty of truth in this thread.....
Posted by krehn11
IA
Member since Jul 2011
1486 posts
Posted on 12/14/15 at 10:29 am to
11.05%
Small town Iowa
4 bedroom house, 4100 TLA on about 1.75 acres
Posted by Coach Guidry
Member since Nov 2007
2333 posts
Posted on 12/14/15 at 10:30 am to
quote:

Tiny SBA home equity loan?



Huge down-payment + Other income.

Posted by ThatsAFactJack
East Coast
Member since Sep 2012
1539 posts
Posted on 12/14/15 at 10:50 am to
13.7% of gross annual income (mortgage, insurance, taxes)
11.1% for just mortgage
4 bed, 2 bath
Broussard (Lafayette Parish)

Plan to sell and build "forever" home in about 2-3 years. Plan is to have that number around 10% with sale proceeds and additional down payment.
Posted by MsState of mind
State of Denial
Member since Aug 2013
2639 posts
Posted on 12/14/15 at 11:02 am to
I pay 15.75% gross on the house. Insurance/Taxes is about 40% of that in south Mississippi.
Posted by RickAstley
Reno, Nevada
Member since May 2011
2002 posts
Posted on 12/14/15 at 11:04 am to
My rent for 2015 was 12% of gross annual income. Rent for 2016 is looking like to be 11.4%. My rent is going up but my wife just got a job, which is helping considerably versus her in grad school.
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