(July 11, 2018 at 11:09 pm)popeyespappy Wrote: The mortgage plus property tax and insurance works out to 12% of net and 8.3% of gross.
Add HOA fees to that it's 16% of net and 11.1% of gross.
I'm comfortable with that, but I just dropped $12,000 on the AC/heat. That hurt. Came home yesterday and didn't have shit for hot water pressure. Flushing the hot water heater took care of that for now, but it's 13 years old and should really be replaced. I'm looking at another $1200 there unless I DIY again. Something I'd prefer not to do this time. The point being maintenance costs can add up quickly so plan to keep a good reserve just for that.
40% would scare the shit out of me, but the cost of living is high there compared to here.
Right? It’s fucking with me, but here the median house is in the 300s. We are well above the median income. Everyone who owns a house here is buried.
