Quote:
Originally Posted by westopher
Wondering what people in here are spending as a portion of take home income on mortgages right now.
I know what we can qualify for, and it's not a number I'm comfortable with, but curious what real world non 500k income model dating RS members are at?
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~50% of my take home right now goes to the mortgage - if and when I get back to having tenants it'd dip to as low as 40%. I would strongly prefer not to be spending 50% of my take home on the mortgage but I got boned by the interest rate hikes and have to live with it for the next two years. When I renew I hope to get down to 35-40% (with or without tenants).
My comfy number is at or below 35% - at that number I don't think about where I'm spending my money too much.
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Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
Last edited by supafamous; 04-19-2023 at 01:48 PM.
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