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re: Over/Under $1443 per month spending for housing?
Posted on 5/15/18 at 7:51 am to Will Cover
Posted on 5/15/18 at 7:51 am to Will Cover
quote:
Payment should be no more than one-fourth of your take-home pay on a 15-year note. This is what I subscribe to. It may not work for all.
While that is a good benchmark, there's a big difference between 25% of 100k and 300k take home. If I'm taking home 100k, it'll be most likely on the higher end of percentage. If I'm at 300k take home, I'll be probably closer to 15% of take home or even less depending on needs. More needs to be assessed in terms of left over income for savings and other life expenses.
0
Posted on 5/15/18 at 7:51 am to Will Cover
I’m right at 1300 a month.
Posted on 5/15/18 at 7:51 am to StringedInstruments
quote:
Bought a house in 2008 at $179k. Sold in 2018 for $172k. $20k worth of repairs in between.
So right before the housing market crash? Damn that's bad timing.
Posted on 5/15/18 at 7:52 am to Will Cover
Just a bit over. Have a shite ton of equity.
Posted on 5/15/18 at 7:53 am to Will Cover
Way over
Posted on 5/15/18 at 7:55 am to Will Cover
over
Posted on 5/15/18 at 7:58 am to StringedInstruments
quote:
Bought a house in 2008 at $179k. Sold in 2018 for $172k. $20k worth of repairs in between.
Well, location and how the market is doing makes a difference. Their are people who've had the opposite happen to them as what's happened to you.
Posted on 5/15/18 at 7:58 am to lsupride87
quote:
In the Nola area(even the suburbs) that will get you a mighty fine piece of shite or a house that looks like it was last updated since Mike and Jan Brady lived there
Not everyone is dumb enough to overpay for housing in NOLA
Posted on 5/15/18 at 8:01 am to Will Cover
Under by half
Posted on 5/15/18 at 8:02 am to Powerman
I’m talking about Metairie not NOLA, mate
Posted on 5/15/18 at 8:05 am to Will Cover
Less than half that.
And our house has gained $30,000-$40,000 in value since purchase.
And our house has gained $30,000-$40,000 in value since purchase.
Posted on 5/15/18 at 8:12 am to Steadyhands
quote:
Not talking about double wides.
You was the one that brought up doublewides.
Posted on 5/15/18 at 8:13 am to Fusaichi Pegasus
quote:
under
15yrs includes property taxes
I dont pay PMI, bc Im not poor.
Over and I don't pay PMI either.
You must live in a cheap house. lol
Posted on 5/15/18 at 8:15 am to Will Cover
quote:
Are you over this amount or under?
Over. Why? Because my household income is more than the average home owner.
Posted on 5/15/18 at 8:20 am to Will Cover
over
Posted on 5/15/18 at 8:22 am to Will Cover
My property taxes are higher than that
Posted on 5/15/18 at 8:23 am to doubleb
Way over. My prop taxes are a 1000 a month.
Posted on 5/15/18 at 8:24 am to Will Cover
way over. 
Posted on 5/15/18 at 8:24 am to Will Cover
Under even with the extra I pay every month.
frick I'm poor
frick I'm poor
Posted on 5/15/18 at 8:31 am to Will Cover
I'm a good bit over, but mostly due to high property taxes in the Houston area. Previously, I was under 1k a month for a 175k house. That was with much higher insurance rates in south LA as well. I put 20% down in both scenarios though.
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