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re: House = (x)household income

Posted on 8/10/15 at 10:42 pm to
Posted by BioBobcat
Boston
Member since Feb 2013
626 posts
Posted on 8/10/15 at 10:42 pm to
So then how are taxes irrelevant? Using gross income does not accurately depict his monthly take home, which means he is probably spending greater than 10% on housing.
Posted by yellowfin
Coastal Bar
Member since May 2006
97788 posts
Posted on 8/11/15 at 6:08 am to
Because he didn't say he was spending 9% of his take home. He said he was spending 9% of his gross

Didn't you even read his post?
Posted by ItNeverRains
37069
Member since Oct 2007
25816 posts
Posted on 8/11/15 at 6:39 am to
quote:

So then how are taxes irrelevant?.


Taxes are very relevant. Have a client moving from TX paying 36k a year in property taxes. On same house valuation here, taxes will be 5775.00 a year. Literally a 2nd income. both TN and TX have no state income tax so that's a wash
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