Do you spend above or below 30% of income before taxes on mortgage/rent?
- Raymond L.Lv 52 months ago
less, but that is only because my house is paid for.
- Landlord365Lv 52 months ago
Nope. I pay no rent or mortgage. Housing is included with my onsite manager job.
- curtisports2Lv 72 months ago
Far below that now.
- Nuff SedLv 72 months ago
Haven't paid anything "on mortgage/rent" in nearly 20 years, so it's hard to calculate a percentage for zero.
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- SSP Bowl DudeLv 72 months ago
- n2mamaLv 72 months ago
My mortgage payment is about one week of net pay for me. Total housing expenses (mortgage, property tax, utilities) is less than 30% of my gross pay.
- Anonymous2 months ago
I don't spend any money on mortgage or rent. I just pay low taxes on a home I own and bought with cash after saving money by living in my mini van for 2 years
- babyboomer1001Lv 72 months ago
I haven't figured it out on just mortgage/rent. figure it on everything, and then decide if there is enough left over for comfort.
- A.J.Lv 72 months ago
Always been way below for me starting in the late 1970's. Considering guidance of lenders and landlords, in the USA not allowed to be much higher. I started at 14% of gross as rent. I never exceeded 20%. Combination of an Engineering college degree and living below my means. I recognize that rents and mortgages have far outpaced inflation.
- 2 months ago
Slightly below. But after taxes it's less.