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re: What % of your income goes to Mortgage?
Posted on 9/27/22 at 12:18 pm to Mingo Was His NameO
Posted on 9/27/22 at 12:18 pm to Mingo Was His NameO
quote:Your HOA is 6% OF YOUR GROSS INCOME?!?
Mortgage only:
12.5% of gross
19.5% of net
Mortgage plus mandatory HOA:
18.5% gross
29% net
God, mine is 250 bucks a year and they take care of a bunch of shite.
This post was edited on 9/27/22 at 1:56 pm
2
Posted on 9/27/22 at 12:23 pm to tigerfoot
quote:
Your HOA is 65 OF YOUR GROSS INCOME?!?
God, mine is 250 bucks a year and they take care of a bunch of shite.
They cover water and electricity, which I probably should have mentioned. It's actually a really good deal as just my electricity bill would be close to what thr HOA is during the summer months.
Not sure why they do that because they have to lose money on it, but whatever
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