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re: Homebuyers are now spending 40% of their gross income on mortgage and interest costs
Posted on 7/23/23 at 10:44 am to SECdragonmaster
Posted on 7/23/23 at 10:44 am to SECdragonmaster
quote:
The highest % we ever paid was 66%. Our mortgage and interest and taxes were $4100 per month or $49,200 per year. Out income was $140,000 per year.
How are you getting 66%? I got a different number there
This post was edited on 7/23/23 at 10:46 am
1
Posted on 7/23/23 at 8:49 pm to hondapa26
quote:
The highest % we ever paid was 66%. Our mortgage and interest and taxes were $4100 per month or $49,200 per year. Out income was $74,000 per year.
quote:
How are you getting 66%? I got a different number there
Sorry, I was writing quickly. I fixed it. Our income was just under 75k. It was the year before my wife and I got our first jobs out of residency.
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