If you brought your home before 2005, your mortgage is what percentage of your gross income?

[Anonymous]

Just curious to compare to the other post 2005 thread.

[Anonymous]

8%

[Anonymous]

Bought in 2004. PITI is about 19% of gross income, but was higher when we bought because income has gone up.

[Anonymous]

We bought in 1995; our income has risen since then (and thankfully so has the value of our house), so about 7%.

[Anonymous]

Bought 2003. About 15%.

[Anonymous]

New poster here. I don't understand. Don't many people spend 30% or more of their gross income on housing? Many the posters here are at the very high end of the HHI distribution.

[Anonymous]

Bought in 2000. About 15%, but one parent is under-employed right now.

[Anonymous]

Anonymous wrote:New poster here. I don't understand. Don't many people spend 30% or more of their gross income on housing? Many the posters here are at the very high end of the HHI distribution.

Bought in 2003. Bought less than we technically could afford. Income has increased by maybe 50% since then. Refinanced, reducing monthly payment. Voila, 15%.