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Started By
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re: Salary to mortgage ratio?
Posted on 2/7/19 at 10:48 am to PortHudsonPlaya
Posted on 2/7/19 at 10:48 am to PortHudsonPlaya
We're at 13.5% gross 21% net
0
Posted on 2/7/19 at 10:53 am to fillmoregandt
quote:
I believe the rule of thumb is like 28% of your gross income
I should be having a cop let me out on Hwy 30
Posted on 2/7/19 at 10:56 am to ellishughtiger
quote:
Your salary rises every time you post, playa
yeah, didn't he just post about his net wealth a while back in a similar type thread? don't know if hes bored or just that insecure.
This post was edited on 2/8/19 at 6:30 am
Posted on 2/7/19 at 10:56 am to PortHudsonPlaya
I'm at 14% NET and I feel it's pushing the limit. Of course I'm hemorrhaging money to day care and car notes too.
Posted on 2/7/19 at 10:58 am to PortHudsonPlaya
quote:
Currently make $180K and mortgage is $1300/month.
bullshite.
Posted on 2/7/19 at 10:58 am to PortHudsonPlaya
$100k with a 1300/month mortgage
Posted on 2/7/19 at 11:02 am to fillmoregandt
28% of gross seems really high. Ours is 28% of our net but we pay off more each month. Ends up being just over 30% of our net
Posted on 2/7/19 at 11:03 am to TheWiz
Jesus Christ! How much do you fricking make?!?!
Posted on 2/7/19 at 11:06 am to PortHudsonPlaya
$145000 with a $1450 mortgage, not including HOA. Wife doesn't work, but we've outgrown our current house and we're looking for something a little bigger.
Posted on 2/7/19 at 11:41 am to PortHudsonPlaya
My mortgage, including escrow is $2200/month...that's all I got.
Posted on 2/7/19 at 11:42 am to PortHudsonPlaya
50k a year.
Paid for house.
I honestly keep trying to figure out how I'm going to build the house I want while continuing to work the job I have fun at.
I'd rather go into a plant than what I was doing
Paid for house.
I honestly keep trying to figure out how I'm going to build the house I want while continuing to work the job I have fun at.
I'd rather go into a plant than what I was doing
Posted on 2/7/19 at 11:45 am to PortHudsonPlaya
3.5-1
Posted on 2/7/19 at 11:46 am to boosiebadazz
Always wondered what kind of social retard this guy must in real life.
Posted on 2/7/19 at 11:47 am to PortHudsonPlaya
I paid cash for my luxurious estate
Posted on 2/7/19 at 11:49 am to Geauxld Finger
quote:
That’s pretty good honestly. Most people are likely paying over that. It all depends on your debts etc and lifestyle. You could probably afford upwards of $1800 a month which would get you in a house in the 350k range
My parents make around that and pay about 3k a month on their home which cost around 325k but my dad shortened the term to like 10 or 15 years to get it paid off
Posted on 2/7/19 at 11:49 am to PortHudsonPlaya
Combined $231k and pay $1800 mortgage (9.3% gross). Moving to $2300/month mortgage within the month (12% gross). On solely my salary it'd be 17% gross. All numbers include insurance and taxes.
When I first bought my house my salary was $105k with an $1800/month mortgage (20% gross, mortgage 2.5x salary). With just me an no kids this was easily manageable, even with $500/month truck payments.
It all depends on your priorities, but I would think at current interest rates mortgages up to double your salary are comfortable for just about any situation.
Inching up closer to 3 times your salary is possible and maybe unavoidable if you're making in the 40-50k salary range.
Going over that range, and I think you start asking to unnecessarily restrict your life to afford your house, which would be undesirable.
When I first bought my house my salary was $105k with an $1800/month mortgage (20% gross, mortgage 2.5x salary). With just me an no kids this was easily manageable, even with $500/month truck payments.
It all depends on your priorities, but I would think at current interest rates mortgages up to double your salary are comfortable for just about any situation.
Inching up closer to 3 times your salary is possible and maybe unavoidable if you're making in the 40-50k salary range.
Going over that range, and I think you start asking to unnecessarily restrict your life to afford your house, which would be undesirable.
Posted on 2/7/19 at 11:55 am to PortHudsonPlaya
There is probably 100 people in Baton Rouge and almost all of them probably work for LSU/state. That would say they make 180 a year. Now their are plenty of people who with bonus structure/ profit sharing/ owning their own business/ etc that make 180 a year or over. But those people are all smart enough to not say I make 180 a year because they have a base pay of 90k and know the last 90k can go up or down drastically. And I guarentee that all of them are smart enough to know the 25% rule. You are either a doctor who is good in your profession but not business smart enough to do something else, or are full of shite.
Posted on 2/7/19 at 11:59 am to X123F45
About 93% income:mortgage for the llc that owns the 5-plex. The other 7% is for repairs, upgrades, or to float a vacant unit when I can't find the right 18-20yo sorority chicks to live in a 1st floor unit.
But keep this on the dl, because I don't need any of these little girls that live in one of the 4 regular units thinking that they can just go to the second floor to try to get more favorable rent terms.
It just works better when we can bitch about the greedy landlord together.
But keep this on the dl, because I don't need any of these little girls that live in one of the 4 regular units thinking that they can just go to the second floor to try to get more favorable rent terms.
It just works better when we can bitch about the greedy landlord together.
Posted on 2/7/19 at 12:00 pm to Lsuhack1
quote:
There is probably 100 people in Baton Rouge and almost all of them probably work for LSU/state. That would say they make 180 a year.
Bruh, have you ever even been to a plant before?
Posted on 2/7/19 at 12:01 pm to PortHudsonPlaya
10%
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