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Real Estate
Reply to "If you purchased your home after 2005, what % of your income is your mortgage?"
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[quote=Anonymous][quote=Anonymous]Why is anyone calculating it against gross? Net is the money you actually have to spend...[/quote] I think for one, it's because net vacillates throughout the year, it's not static. Also, in the larger scheme of things everyone's PITI v. gross is apples to apples in terms of measuring relative percentage; everyone's net is different, depending on the deductions one takes, local taxes they pay based on where they choose to live, what one contributes to retirement, etc.[/quote]
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