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Real Estate
Reply to "What % of your income goes towards your mortgage?"
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[quote=Anonymous]Currently at 6% of gross after refi'ing to 2.5%...but unfortunately we need to move a bigger place. Last 2 houses we've bid on have gone for 130k and another 240k over ask. Insanity. So *if* we're actually able to snag a bigger house lol we'll realistically be in the 15-30% range. Spouse and I are in public academics so unfortunately there's minimal likelihood of meaningful income growth to come anywhere close to matching the market (let alone keep with with inflation). If we went into the private sector (get offers frequently) we could probably double our gross, but we like our jobs and would feel guilty about the people at our institutions we'd leave behind. Not that we're special/irreplaceable or anything, but maybe we're just suckers...the current market is certainly making us feel like ones...[/quote]
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