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Real Estate
Reply to "What % of your income goes towards your mortgage?"
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[quote=Anonymous][quote=Anonymous]Wow, did all of you buy 20 years ago? We have a reasonably priced house, make $250k, and are at 18% of gross which fits in our budget very comfortably.[/quote] We bought a small rowhouse in need of a lot of maintenance all the way out in Frederick. Ours is 10% of gross, 20% of net, we only make 150k. I often wish we'd stretched more for an SFH, especially since the cost of maintenance/non-updates is pretty high, but we were concerned about being comfortable on one income, and now we're able to max out retirement accounts for the first time ever. [/quote]
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