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Reply to "What percentage of your take home do you spend on your mortgage & tax every month? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Is anyone sticking to that 20-25-30% guideline these days?[/quote] We're at 12% of gross, but we've been in this house for 8 years and our incomes have doubled, so it was 25% of gross when we bought. [/quote] We have a similar situation. Our mortgage is currently at 9% of gross and 16% of net. But we bought it when we were 24 and had no experience and no graduate degrees and we could barely afford it. We have been fortunate to have our incomes rise a fair bit, and we made the choice to stay in the small house in the crappy neighborhood to put away some cash. [/quote]
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