Our server costs ~$56 per month to run. Please consider donating or becoming a Patron to help keep the site running. Help us gain new members by following us on Twitter and liking our page on Facebook!
Current time: July 21, 2025, 2:20 pm

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
What's Your Mortgage Compared To Your Income?
#25
RE: What's Your Mortgage Compared To Your Income?
(July 11, 2018 at 11:42 pm)Anomalocaris Wrote:
(July 11, 2018 at 11:25 pm)Shell B Wrote: 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.

Have you considered finding a house with an integral rental unit? The rent can offset at least 25-30% of your monthly mortgage.

I am building a house in an rather pricy area of Northern California. I included an integral 800sq foot 1 bedroom apartment. My mortgage would be 52% of my take home pay. But if I add rental income to my take home pay then the mortgage comes down to 40% of net income.

We have! We’re semi-committed to a place now, but think we might back out if he needs work.
Reply



Messages In This Thread
RE: What's Your Mortgage Compared To Your Income? - by Shell B - July 12, 2018 at 9:13 am



Users browsing this thread: 1 Guest(s)