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Reply to "Are YOU able to keep your housing expenses at or below 28% of your gross pay?"
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[quote=Anonymous]Percentage is not the best way to do this, although it is a starting point. The problem is that ultimately it is the amount of extra cash that is available after fixed expenses every month that matters. Our AGI is extremely high after decades of doing very well and now we have multi million passive income annually. Our housing expense for our primary and vacation home are about $250k per year. But that is around 5-6% of our gross last year and due to a particularly good year, it was below 2% of our gross 3 years ago). But even if we were spending 30%, We’d still have $3M available annually after housing expenses. [/quote]
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