Are YOU able to keep your housing expenses at or below 28% of your gross pay?
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Anonymous
| Why? |
Anonymous
| Just barely, but yes. Mortgage plus HOA and taxes is about 36k, HHI is a little over 130k, gross. |
Anonymous
If we had kept our EOTP house that we bought in 2009 but sold in 2018, our PITI would be under $1800/month, too, without family money playing a part in it — it was just a cheap house with low interest rates (and we could have refinanced to even lower). |
Anonymous
| 7.5% We haven’t moved for many years despite large income increases and we refied to 2.625%. We only pay about 10k in interest each year. |
Anonymous
| Yes because I have been in my unrenovated old home for over ten years and I just live with a 1978 kitchen. |
Anonymous
| 23% (about $6375 monthly) on $27666 gross (about $330k HHI). Wish it were lower! |
Anonymous
Not a boomer. We bought a house in 2004 while we were still in training and our incomes have risen since then so our PITI is currently only 10%. But the house is in a poor school cluster so we are looking to move now and we will be at 25% with the new mortgage. |
Anonymous
| Monthly gross HHI is about $24k, though take home is significantly less (after taxes, retirement, and child support payments), but we have a very low PITI of $1600 so we’re good. |
Anonymous
Not a boomer. I’m on the X/millennial border |
Anonymous
| Yes. Make decent money and don't have to compensate for my insecurities by buying a giant house. |
Anonymous
| Mine is 14% of my gross pay |
Anonymous
Came back to add I am Gen X and I bought my house in 2002. |
Anonymous
That’s such a dumb take. |
Anonymous
Gen X. Close enough. But who cares what so called generation people have been labeled with. |
Anonymous
I’m 42. |