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re: What % of gross annual income do you pay in Rent/Mortgage?

Posted on 12/13/15 at 3:14 pm to
Posted by C-Bear
A Texas Tiger
Member since May 2005
932 posts
Posted on 12/13/15 at 3:14 pm to
14.8% for mtg, taxes, and insurance
City: Katy, TX
Type: 4br/3.5ba (3350 sq ft)
Posted by SippyCup
Gulf Coast
Member since Sep 2008
6832 posts
Posted on 12/13/15 at 3:30 pm to
13% including escrow. 4200 s/f west st Tammany.

Was closer to 20% when we built a few years ago.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11528 posts
Posted on 12/13/15 at 3:35 pm to
27% and it makes money tight.
Posted by theoldwiseone33
University of Louisiana
Member since May 2012
494 posts
Posted on 12/13/15 at 3:46 pm to
Only put down 10%, found a fixer upper that needed $30k, 30 year mortgage at 3.625
Posted by theoldwiseone33
University of Louisiana
Member since May 2012
494 posts
Posted on 12/13/15 at 3:48 pm to
quote:

quote: % of gross annual income to mortgage: 2.5% I think you're doing this wrong... its percentage on Monthly gross, not annual.

I have a high income and live in a small house
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 12/13/15 at 3:49 pm to
15.5% 4 bed 2.5 bath in Lafayette.
7% net of rent for one of my extra bedrooms.
I had it down to 2% when I had 2 roommates and I kept the master bedroom. That was the life.
Posted by yellowfin
Coastal Bar
Member since May 2006
98773 posts
Posted on 12/13/15 at 4:30 pm to
10% not counting bonus in income

Will be close to 25% when I build next year
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
76373 posts
Posted on 12/13/15 at 4:37 pm to
18%
Posted by Nobs
Houston
Member since Dec 2010
377 posts
Posted on 12/13/15 at 5:14 pm to
23% mortgage, taxes, insurance.

Houston

4 bdrm 3250 sq ft.

Fortunately doesn't include my wife's pay.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 12/13/15 at 5:23 pm to
quote:

Seriously, you need to take out a mortgage while you still can at these rates.


We're going to cash out and downsize in a few years or I probably would.
Posted by The Easter Bunny
Santa Barbara
Member since Jan 2005
45656 posts
Posted on 12/13/15 at 6:07 pm to
Almost 19%, including HOA and the extra $500/month we're currently putting towards the mortgage
Posted by Azazello
Member since Sep 2011
3229 posts
Posted on 12/13/15 at 6:13 pm to
% of gross annual income going to rent : 33%
City: Denver
Type: 1 BR apartment (645 sq. ft)

frick this shite
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 12/13/15 at 7:07 pm to
You are building in this housing market?

Your wife must be very persuasive.
Posted by lsufan1971
Zachary
Member since Nov 2003
23803 posts
Posted on 12/13/15 at 7:35 pm to
16%
3000 Sqft Zachary,La
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
12330 posts
Posted on 12/13/15 at 7:41 pm to
6% Lafayette, 3 bedroom 2 bath house.
Posted by tlsu15
Capital of Texas
Member since Aug 2011
10480 posts
Posted on 12/13/15 at 8:58 pm to
quote:

% of gross annual income going to rent : 33%
City: Denver
Type: 1 BR apartment (645 sq. ft)

frick this shite


I'm in a similar circumstance, but I included my wife's pay.

I would be sitting at 27% for a 1 BR apartment if I was only going off my salary.
Posted by rpg37
Ocean Springs, MS
Member since Sep 2008
53897 posts
Posted on 12/13/15 at 9:29 pm to
0%. I have two roommates in my four bedroom place whose rent pays off my mortgage. Same in my rental.
Posted by yellowfin
Coastal Bar
Member since May 2006
98773 posts
Posted on 12/13/15 at 9:53 pm to
I'm building the house I'll be in for the next 30 years. Not concerned with market
Posted by BadTyreke
Member since Apr 2015
1312 posts
Posted on 12/13/15 at 9:56 pm to
29% Rent

Still have plenty left over for food, gas, phone bill, emergency savings, 401k and Brazzers Membership.
Posted by tigerbacon
Arkansas
Member since Aug 2010
4515 posts
Posted on 12/13/15 at 10:55 pm to
21% of take home income but I put a lot of money into my retirement pre taxed on a 2300 square foot house and that 21% includes tax and insurance. Mind you it's a house I love in a great neighborhood in BR.
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