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Real Estate
Reply to "Out of curiosity, what is your mortgage payment as a percentage of your gross HHI"
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[quote=Anonymous][quote=Anonymous]15.8% of gross. PITI to PP asking "why gross?". It's because NET is influenced by a multitude of factors including retirement, health care, tax rates, etc. Using % gross is the best way to compare across different households and financial situations.[/quote] Correct, but it's still a percentage of an unknown amount - PPs aren't disclosing income either way - and doesn't actually tell you anything precisely because of all of those variable factors. I could argue that using net is better in this comparison context because it's less abstract. As someone doing calculations in preparation to buy, I'm actually more curious about how much of everyone's take-home pay goes to their mortgage each month. Don't know about anyone else, but my gross salary amount means little to me. I apologize because I know that debate is not what the OP asked for, but it never made sense to me to look at it that way.[/quote]
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