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Real Estate
Reply to "If you brought your home before 2005, your mortgage is what percentage of your gross income?"
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[quote=Anonymous][quote=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.[/quote] Bought in 2003. Bought less than we technically could afford. Income has increased by maybe 50% since then. Refinanced, reducing monthly payment. Voila, 15%. [/quote]
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