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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]310k HHI, 5900/mo PITI

So about 25% gross income, 38% of take home

Tight but we make it work.  Borrowed well over a million dollars with no money down on a VA loan at 2.25% interest.  Painful now, but will be a nice bit of family wealth in the future[/quote]

Just did the math on assuming 2% appreciation and the amortization on the mortgage.  House is adding about 50k to networth a year right now.  It's inside the beltway zoned to a great school zone and near metro[/quote]

I don't bother calculating how much my house is adding to my net worth each year, though — I still need somewhere to live. (I also don't consider mortgage principal to be going toward savings, which I know some people do.) We sold our previous house for a large profit, about 7x what our down payment had been, so I realize there's a potential for large gains, but it's really just theoretical unless you move, so I don't see the point in considering it part of my assets.[/quote]

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