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Real Estate
Reply to "What is it like to be “house poor”?"
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[quote=Anonymous][quote=Anonymous]About 50% of our take home is mortgage. I have a secure job and healthy retirement match but our kids are still in daycare so we definitely feel the squeeze. I think I’m okay with it because we are home bodies and love hanging at home and going in the yard. Vacationing w kids is miserable for us so we aren’t going to do that until kids are out of daycare/preschool. Hopefully by then we won’t be feeling so strapped for cash. I hate moving and wanted our first home to be our forever home. I do wish I could save more for college and put away for savings but hoping that will change once kids are in public school. [/quote] What do you all consider "house poor"? I understand that it varies person to person/budget to budget, but whats a good ballpark on your definition? PITI more than 30% of gross? more than 40%? [/quote]
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