What percentage of your monthly take home pay goes to housing?

Square dhAji87
May 5 31 Comments

Rent/PITI

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TOP 31 Comments
  • Facebook ⭕w⭕
    Lemme guess: you're not really just curious are you? No, what's happening is that your friends and coworkers are buying 2M+ homes and bragging about it over lunch or on social media, even though for most of them, they overcommitted on the mortgage and are now house poor (but they won't tell you that of course).

    Your wife is browsing Redfin and Zillow on the daily, dragging you to open houses she favorited during the weekend. She finally finds her dream home, but alas the mortgage payments would consume more than 30% of your monthly income, so now you turn to Blind to see if others were stupid enough to put so much of their money into a mortgage...but deep down you know you can't really afford it, and yet you can't say no to your wife...
    May 5 7
    • Facebook ⭕w⭕
      lmao actually taking what I wrote seriously, just tells me I wasn't that far off, sad.
      May 5
    • Square dhAji87
      OP
      I’ve heard better jokes from Zuck.
      May 5
    • Facebook ⭕w⭕
      Wasn't meant to be a joke, but ok.
      May 5
    • Microsoft Dr. Root
      This may not have been the case with OP but you sure did open a lot of peoples eyes with your post @fb. We live in a world where we buy things with money we don't have to impress people who we don't like. 🤦🏻‍♂️
      May 6
  • This comment was deleted by original commenter.

    • Adobe / Eng f sksksbr
      Ok Bernie, just realize you are in the minority even when it comes to hygiene, because the average person doesn't worry like you do about a washing machine. But that's fine. We all have our quirks.
      May 6
    • Apple srand()
      Adobe, you are clearly not married.
      May 8
    • Adobe / Eng SamuraiJck
      That's funny. Why do you think I'm not married? I am and I have 4 kids 3 of whom are in diapers.
      May 9
    • Adobe / Eng SamuraiJck
      Maybe it's because of my kids I don't have any problem with a washing machine someone else has used. I've seen things you can't even imagine so a shared washing machine doesn't phase me.
      May 9
    • Apple srand()
      I assumed that because the vast majority of married couples has an in-unit WD as a high priority.
      May 9
  • Microsoft Dr. Root
    Way too many folks in the PNW are "house poor".
    May 5 0
  • Salesforce bheetophen
    Small town house, spending way below my means. $1900 mortgage. Bought it when my TC was 140k. I think one approach is to not think about how much house you can afford, but think how small of a house do you need. Buying relative to income leads to excess and results in people becoming House poor. I am very comfortable and also have enough space and am invested in the Bay Area market. Good balance
    May 5 0
  • LinkedIn
    zero_+

    LinkedIn

    BIO
    Product Management / Business Process Re-engineering / Solution Architecture
    zero_+more
    I wonder if buying a house is even a good idea in Bay Area. I know rents are pretty steep, but OMFG the hassle of a home mortgage and the associated downpayment!
    May 5 2
    • Apple hakunanaMa
      I just saw your post asking for first time home buyers tips, if you are not sure don’t pull the trigger
      May 5
    • LinkedIn
      zero_+

      LinkedIn

      BIO
      Product Management / Business Process Re-engineering / Solution Architecture
      zero_+more
      Thanks! Yes, I am very weirded out but the sad (and expensive) options. Either the commute is too long or it’s a freaking matchbox of a house. So, yes, certainly not sure as yet.
      May 5
  • Intel Who.Dis
    Non-Bay, 7%
    May 6 0
  • Google coolguy00
    0%
    May 5 0
  • Square dhAji87
    OP
    TC 400 YOE 8
    May 5 0
  • Microsoft / Product oeUv00
    Should it be % of household money?
    May 5 1
  • Amazon bot.
    Is this just the base ?
    May 5 1
  • Credit Karma kqqo46
    3/8 so that's 37.5%
    May 5 0