Reply to What monthly PITI would you be comfortable with?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$5K easy[/quote]

That is totally insane[/quote]

then most calculators are insane.  OP mentioned their NET pay.  Gross pay sounds like it is close to $210K/year.  [/quote]

I thought everyone knew that those calculators aren't financially prudent. I would spend no more than 30% of my net on housing. Being house poor would suck. [/quote]

because it sucks having an asset worth $1MM being paid for using 3% financing with amazing tax benefits?

[/quote]

No. Because everything around here is expensive. And who knows how long Grandma will be able to provide free childcare. It you want to be house poor, go for it. But OP asked what I would be comfortable doing. And 30% is my max. [/quote]

I can't decide which I enjoy more: That you dislike using calculators yet rely on a silly rule of thumb, or that half of the online calculators are specifically designed based around your silly rule of thumb.[/quote]

The online calculators use 30% of gross. I was talking about 30% of net. I am not sure what your problem is. Not everyone wants to live on the edge of financial ruin and hope they never have experience any changed circumstances. No fiscally responsible person would ever advise that you should spend 60%+ of your net income on housing expenses. [/quote]

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