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 57
    • New
      cdPp78

      New

      PRE
      Facebook
      cdPp78more
      Truth
      May 5
    • Square dhAji87
      OP
      Way to make it about my wife because gender roles or whatever. Didn’t realize this was 1952.

      We’re also searching within our means and yes I was genuinely curious what people are spending from their net pay. The well known rule of thumb is 28% of gross monthly income but that seems rather conservative to me and our location/bubble are rather unique.
      May 5
    • 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 / Engf sksksbr
      You might have a problem and some professional help might make life a little easier for you.
      May 5
    • Adobe / Engf sksksbr
      Easy, it doesn't bother me. Washing is the process of cleaning. When the load is done the washer, in most cases, is clean enough to clean a new load.
      May 5
    • Adobe / Engf sksksbr
      Another option, besides professional help, just make sure your first load is something you can wash with bleach and on the sanitize setting. Then the washer is really clean and you don't have to worry about someone else's germs being left behind for your following loads.
      May 5
    • Google coolguy00
      Bernie wouldn't approve!
      May 5
    • Microsoft doodie
      This person has to be a troll right?
      May 6
    • Adobe / Engf 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 / EngSamuraiJck
      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 / EngSamuraiJck
      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 50
  • 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 50
  • 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 52
    • 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 60
  • Google coolguy00
    0%
    May 50
  • Square dhAji87
    OP
    TC 400 YOE 8
    May 50
  • Microsoft / ProductoeUv00
    Should it be % of household money?
    May 51
  • Amazon bot.
    Is this just the base ?
    May 51
  • Credit Karma kqqo46
    3/8 so that's 37.5%
    May 50

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