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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][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] gross makes no sense, because it includes taxes. that is money you don't have and will never have, so why is it relevant? i could make $10 million a year, but if i pay $9.9 million of it in taxes, should i calculate my mortgage, savings rate, etc. as a portion of $10 million? for the reasons you mentioned, net also makes no sense if you are excluding retirement, healthcare, etc. but i don't see why taxes should be included. [/quote] where do you live that you have a 99% tax rate? Gross makes more sense because most people have roughly the same tax burdens.[/quote]
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