Are YOU able to keep your housing expenses at or below 28% of your gross pay?

[Anonymous]

I can now but remember when it was not the case....

[Anonymous]

Anonymous wrote:I can now but remember when it was not the case....

yes

roughly 55k gross monthly income

mortgage 5,600 or 10%

[Anonymous]

Yes. Mortgage got paid off before I was 50. Terrible financial decision but I love not worrying about cash flow.

[Anonymous]

Yes, we’re at about 10%.

[Anonymous]

Yes, mortgage $2500, monthly HHI $26k, so 10%ish. I am grateful that either of us could lose our jobs and we could stay at under 30% going to housing.

When we bought it was $2200 mortgage on $16k monthly income, so closer to 14%.

It would be painful to try to recreate that today though.

[Anonymous]

Anonymous wrote:Yes, we’re at about 10%.

Same. And it's not from skyrocketing salaries - we intentionally bought under the amount we were approved for so that we would have flexibility to earn less or spend in other areas.

[Anonymous]

PITI is $3K, monthly take home after taxes and retirement is appx $15K.

[Anonymous]

Anonymous wrote:PITI is $3K, monthly take home after taxes and retirement is appx $15K.

And, I agree that we intentionally made the decision not to be house poor to have money for other things.

[Anonymous]

…does daycare count as housing? If not, yes. If so, no.

[Anonymous]

Yes because our PITI is under $1800/mo. We have a DC crapshack purchased in 2011 but we’ve been able to save!

[Anonymous]

Yep. No mortgage on primary home or vacation condo.

[Anonymous]

Yes. We’re at ~21% of gross
PITI: $6100 on a 950k mortgage

Total household gross: $350k

Were also maxing 401k’s, IRAs, HSA, putting 5-10k a year each into brokerage, and putting a couple hundred bucks into extra principal payments.
Next up is funding the 529 for future babby, after saving for imminent wedding is done

[Anonymous]

Yes, we never upgraded, but a small house with a mortgage of around $2K and actively worked to pay it off. I can't imagine some of these mortgages.

[Anonymous]

Everyone is saying mortgage but it's also utilities, HOA fees, maintenance, etc.

My mortgage is 18% of gross pay. The other stuff probably drives it up to 20%.

[Anonymous]

Yeah, we’re at $3300 PITI on a gross monthly income of $21800. So, well under 20%. But after 401ks (two, both maxed), taxes, and medical insurance, we only take home $11,000 per month. So it actually feels pretty tight. We’re going to need to stop maxing retirement next year when our kid starts college.