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Started By
Message
re: Tired Of Pinching Pennies!!
Posted on 8/31/23 at 10:03 pm to Motorboat
Posted on 8/31/23 at 10:03 pm to Motorboat
quote:
It's high dude.
No it isnt, even the most conservative financial people out there will say 25% of after tax income for housing and 30% is barely above that.
quote:
He makes $100K/year so his note is $3000/mo.
Also wrong, they GROSS $100k/yr and he said their house payment is 30% of their net/take home pay which is totally reasonable. They probably take home ~ $6k a month. That's a bit under 2 grand. They should have at least $4k left over for other stuff which is plenty.
Again, 30% of net/take home pay to housing is not out of line at all and nowhere close to being the problem here. They have 70% of their money left over to do everything else.
Theres other issues here but it's definitely not their primary home by any shape of the imagination.
This post was edited on 8/31/23 at 10:13 pm
1
Posted on 8/31/23 at 11:28 pm to thunderbird1100
30% of net going to a mortgage is definitely on the high side.
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