Your rent or minimum mortgage payment/gross income

1. Rent
2. n/a
3. 4.9%

 

Own
1st
9.7% of gross

 

own
first
~33%

since i'm in the industry, i see more people than i can count whose PITI is right at 45-50% of their monthly gross income. these people usually don't have any credit card or auto debt because it all went to collection years ago, or they just got out of ch. 7.

 

own
second
13.5%

 

Rent
N/A
15.8% of gross - Yes, living in CA sucks.

 

Own.

First.

10 percent.

 

Own
Third
19% includes principal, taxes (school, township, and property) and insurance

 

1. Rent- Austin
2. n/a
3. 17.7%

 

Rent
NYC Apt
25% of monthly gross (not including bonus/12)

 

own, 2nd, 8%

 

1) rent
2) n/a
3) 8.6%

 

Own
First home
22% of gross

 

Own
First
15.6%

Wait till I pay these ******* cars off.

 

Own.
Third.
12.5%

 

own
2nd
it variables - i'm in sales.... about 10% of on-target gross. (was 7% before my pregnant wife was 'downsized')

i won't be foreclosed on any time soon.

 

Own
First
15% (mortgage only)

 

own
1st
36%

 

Own
third
14%

 

Own
1st
19%

 

own
2nd
22% of gross
(on a 15 year mortgage with 13 years to go)

 

Own, 1st, 18.25%

 

Own
1st
24% (though getting less as my wife starts to bring in more and more income)

 

some of the excuses for those over about 18% are funny.

 

Own
1st
On May 1, 2006 my ratio was about 35% - no excuses I have easily been able to handle the bills.

If you count right now my ratio is negative since I got kicked to the curb by my previous employer. No real matter, I have had several offers and have about 6 months of ready cash available if I need it.

 

I have dealt with a lot of mtg financing in my day, and rarely did I see many with house payments at less than 20% of gross income.

I would say this thread of respondents if definitely not a good sample.

In fact, I'd go so far as to say it was unusual to see housing costs as less than 30% for most people.

 

Well, most are college grads and many have post grad degrees, so I wouldn't doubt it isn't a good sample at all.

 

Own
1st
around 20% of my gross, but i live with the gf so it's about 11% of our combined gross.

 

Own
2nd
~20%

 

Rent/1st/ about 35% pre-tax, 68% post tax.

Of course, I also live in Manhattan!

 

why would you need an "excuse" to be over 18% of your gross income?