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re: Salary to mortgage ratio?
Posted on 2/7/19 at 9:31 am to PortHudsonPlaya
Posted on 2/7/19 at 9:31 am to PortHudsonPlaya
quote:
Currently make $180K and mortgage is $1300/month
No one believes this bullshite btw.
1
Posted on 2/7/19 at 9:31 am to PortHudsonPlaya
Ours is about 7.2% of our gross income.
We have thought about maybe getting a bigger house now that baby #2 is on the way (just found out, don't tell anyone), but we still like where we are.
May give it a few more years.
We have thought about maybe getting a bigger house now that baby #2 is on the way (just found out, don't tell anyone), but we still like where we are.
May give it a few more years.
Posted on 2/7/19 at 9:32 am to ellishughtiger
quote:
Your salary rises every time you post, playa.
I thought it was 230k or something a few weeks ago
Posted on 2/7/19 at 9:32 am to jmorr34
Also, don’t buy as big of a house as you can, buy the house that fits your needs. That’s what we did and the money we saved goes into a retirement account or into our vacation account.
Posted on 2/7/19 at 9:33 am to LNCHBOX
quote:
No one believes this bull shite btw.
Any particular reason why?
We make more as a family and have only a slightly more expensive monthly payment.
Living in a cheap area (Chattanooga) helps, lol.
Posted on 2/7/19 at 9:34 am to TheWiz
quote:
Our mortgage is 6.8% of our salaries. That's about all you're getting jabrony.
If that's accurate, why wouldn't you double your payment and pay it off so much sooner?
Posted on 2/7/19 at 9:34 am to white perch
quote:
Also, don’t buy as big of a house as you can, buy the house that fits your needs.
We bought way less house than we could afford. There's just 3 of us and we don't need a McMansion. Our house cost 1.3x our annual income.
Posted on 2/7/19 at 9:35 am to Displaced
Do yall base that on just mortgage, or mortgage plus property taxes?
Posted on 2/7/19 at 9:36 am to UGATiger26
quote:
This has got to be the least subtle "subtle brag" thread in the history of the OT.
It's a troll thread, which is all this guy posts
Posted on 2/7/19 at 9:36 am to ScaryClown
quote:
68k a year salary, $1900 mortgage a month(escrow) Congrats you’re richer than me.
that is brutal
Posted on 2/7/19 at 9:36 am to fallguy_1978
The only plus side to being old is no longer having a mortgage.
Posted on 2/7/19 at 9:40 am to elposter
quote:
I believe the rule of thumb is like 28% of your gross income
quote:
That seems really high to me.
Agreed. Mine is at 18% and that is pushing it (IMO)
Posted on 2/7/19 at 9:41 am to GRTiger
quote:
Do yall base that on just mortgage, or mortgage plus property taxes?
That is based on out monthly payment, so mortgage + escrow. So yes, I included property taxes.
Posted on 2/7/19 at 9:41 am to fallguy_1978
My salary is 180k. With my SO it’s well over 200 but I don’t like to factor in hers for living expenses in case at some point things end.
Posted on 2/7/19 at 9:41 am to Sao
quote:
If that's accurate, why wouldn't you double your payment and pay it off so much sooner?
I max my 401k, we max our Roths (backdoor), she pays 8% into TRSL pension, she maxes her 403b, we pay $2,510/month to student loan debt (Yay, Med School!), we pay $3,000/ month for a nanny, we put about $2,500-$3,000 into savings every month so I can make a big arse balloon payment on those student loans in 2020 and almost be done with them.
Plus our interest is right at 3%. We go back and forth about how long we might actually stay in the house.
Posted on 2/7/19 at 9:41 am to GRTiger
quote:
Do yall base that on just mortgage, or mortgage plus property taxes?
Is it escrowed? Then yes... unless you live in like fort bend county in Texas. frick that noise
Posted on 2/7/19 at 9:41 am to Tester1216
quote:
The only plus side to being old is no longer having a mortgage.
I just had payment #8 of 360 get drafted out of my account yesterday. I am going to throw a huge party in 2048 when I actually own my house!
Posted on 2/7/19 at 9:42 am to Displaced
quote:
Any particular reason why?
Because it's BS
Why do you always try to do this with me?Posted on 2/7/19 at 9:42 am to PortHudsonPlaya
$O mortgage 
Posted on 2/7/19 at 9:43 am to PortHudsonPlaya
What a strange schtick to perform on the internet
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