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re: Housing: WTF?

Posted on 3/17/23 at 7:42 am to
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13943 posts
Posted on 3/17/23 at 7:42 am to
quote:

PITI on a 6% 480k mortgage (80% of 600k) is gonna be like 3800/month or so. About 23% of monthly gross income for 200k. That’s plenty affordable unless you are retarded with money elsewhere.

$3800/mo mortgage on $200k gross…

Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35614 posts
Posted on 3/17/23 at 8:31 am to
quote:

$3800/mo mortgage on $200k gross…


Not sure what's crazy about that. 23% of gross income spent on housing is less than most people spend on shelter.
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