The Homeowner Thread

Health insurance rip off lying FDA big bankers buying
Fake computer crashes dining
Cloning while they're multiplying
Fashion shoots with Beck and Hanson
Courtney Love, and Marilyn Manson
You're all fakes
Run to your mansions
Come around
We'll kick your ass in

Postby Robo-Chachi » Fri Mar 15, 2019 10:13 am

I’m curious what percentage of take-home pay everyone pays towards their mortgage. I know we all have different amounts of non-home-related debt and expenses, but my wife and I all over the place right now with determining what we would feel comfortable paying each month.

We were shown a place outside of our stated price range but really like it. Our mortgage would be 25% of our take-home. Whereas our current mortgage is about 13%. Last night we told our realtor we wanted to make an offer and by this morning we got cold feet and said we wanted to hold off.

We are both terrible at this and our realtor may hate us.
User avatar
Robo-Chachi
 
Posts: 33716
Joined: Mon Dec 14, 2009 4:21 pm
Location: the chit-chat room

Postby tgk » Fri Mar 15, 2019 10:16 am

yeah ours is about 12% right now but we bought a cheap house 8 years ago when the market had bottomed out, i don't think it's feasible to have a truly great monthly mortgage payment anymore.
User avatar
tgk
 
Posts: 33214
Joined: Mon Nov 28, 2011 5:45 pm
Location: Chicago

Postby jbiz » Fri Mar 15, 2019 10:25 am

15% here
User avatar
jbiz
 
Posts: 8560
Joined: Mon Dec 14, 2009 3:40 pm

Postby becky » Fri Mar 15, 2019 10:36 am

our mortgage payment, including our homeowners insurance and everything, is right around 20%

we bought at the very top of our price range but that was OK because we're planning on staying here for a long ass time
User avatar
becky
 
Posts: 7175
Joined: Fri Dec 20, 2013 12:31 pm

Postby Denise » Fri Mar 15, 2019 10:39 am

8% lol florida

and that's not combined income
User avatar
Denise
 
Posts: 586
Joined: Mon Dec 14, 2009 2:48 pm

Postby Shotfrog » Fri Mar 15, 2019 10:39 am

Ours is about 15%. I think 25% would be ok depending on how you see your costs changing over the years. Like if you were going to have more kids, that might be more worrisome.
User avatar
Shotfrog
 
Posts: 10969
Joined: Tue Dec 15, 2009 8:14 am
Location: Boston

Postby tgk » Fri Mar 15, 2019 10:41 am

yeah chach you gonna pop out some more kids?
User avatar
tgk
 
Posts: 33214
Joined: Mon Nov 28, 2011 5:45 pm
Location: Chicago

Postby Robo-Chachi » Fri Mar 15, 2019 11:07 am

Hoping to have a kid come off the books in a few years once she finishes college.

I need to really ramp up retirement savings though. All I have so far is my pension.

We are lucky enough not to have to worry about money too much right now and I don’t think either of us want to return to stressing out about it. However, my wife wants to live downtown (where we both work) and have a move-in ready house. Just don’t think we can swing that at anything less than 20 - 25% So we either need to accept having a big mortgage or accept non-downtown house.
User avatar
Robo-Chachi
 
Posts: 33716
Joined: Mon Dec 14, 2009 4:21 pm
Location: the chit-chat room

Postby Merciel » Fri Mar 15, 2019 11:15 am

I'm paying about 50% of take-home toward mortgage.

This works for us, but it works in part because my salary is basically our allowance for living on a day-to-day basis. I don't actually need to save for retirement. If I did it would be a different story.
User avatar
Merciel
Hipinion Dog Lady
 
Posts: 25641
Joined: Mon Dec 14, 2009 5:06 pm
Location: dog dog dog

Postby Merciel » Fri Mar 15, 2019 11:16 am

I guess that probably explains why I'm so blase about paying a higher-than-recommended percentage of income toward housing costs though.
User avatar
Merciel
Hipinion Dog Lady
 
Posts: 25641
Joined: Mon Dec 14, 2009 5:06 pm
Location: dog dog dog

Postby lights » Fri Mar 15, 2019 11:18 am

Combined income we pay about 11% of our gross take-home towards the mortgage. Just opened up an HELOC to do a bunch of renovations on the house, though, and are planning on paying that down with enough per month to bump us up to paying 20% of gross.
User avatar
lights
 
Posts: 2825
Joined: Mon Dec 14, 2009 4:09 pm
Location: DC

Postby Robo-Chachi » Fri Mar 15, 2019 11:22 am

I pretty much live like I don’t have to save for retirement either.
User avatar
Robo-Chachi
 
Posts: 33716
Joined: Mon Dec 14, 2009 4:21 pm
Location: the chit-chat room

Postby bluemovers » Fri Mar 15, 2019 11:29 am

we pay 13.5% of our combined, monthly take home income toward our current mortgage (including taxes, insurance, and PMI).

had we actually gotten the house we put an offer on twice over the past few weeks, the mortgage percentage would have increased to 30%.
User avatar
bluemovers
 
Posts: 9162
Joined: Mon Dec 14, 2009 3:27 pm
Location: deciduous and coniferous

Postby Robo-Chachi » Fri Mar 15, 2019 11:38 am

Now we’re talking.
User avatar
Robo-Chachi
 
Posts: 33716
Joined: Mon Dec 14, 2009 4:21 pm
Location: the chit-chat room

Postby mcwop23 » Fri Mar 15, 2019 11:44 am

no mortgage, insurance/taxes are $3500/yr
wendy wrote:
colin meloy doesn't need to die
User avatar
mcwop23
bitchez ain't shit but pups and licks
 
Posts: 74354
Joined: Mon Dec 14, 2009 6:56 pm
Location: Jacksonville, FL

Postby mcwop23 » Fri Mar 15, 2019 11:45 am

i have a mortgage on my quadplex that’s like 65% of my take home that they shouldn’t have given me but it works because it’s rented obv
wendy wrote:
colin meloy doesn't need to die
User avatar
mcwop23
bitchez ain't shit but pups and licks
 
Posts: 74354
Joined: Mon Dec 14, 2009 6:56 pm
Location: Jacksonville, FL

Postby Cone » Fri Mar 15, 2019 11:55 am

Ours is right around 25%

We both work freelance so our pay fluctuates month to month but it all evens out to about that much. We specifically used a mortgage lender that was recommended to us because of our industry lol
User avatar
Cone
 
Posts: 15220
Joined: Mon Oct 17, 2011 5:58 am

Postby bluemovers » Fri Mar 15, 2019 12:03 pm

fun fact, our student loan payments are also exactly 13.5% of our take home.
User avatar
bluemovers
 
Posts: 9162
Joined: Mon Dec 14, 2009 3:27 pm
Location: deciduous and coniferous

Postby what the schmuck » Fri Mar 15, 2019 12:19 pm

our obligated amount is right at 25%. i pay big chunks towards our 2nd right now which fluctuates by month (depending on cc bills, other expenses), but when that is paid off in 5 years or so it'll drop to probably 22% (that takes into account some known pay increases that will go into effect for me and my wife).
User avatar
what the schmuck
 
Posts: 1515
Joined: Wed Feb 10, 2010 9:18 pm
Location: Seattle

Postby powderfinger » Fri Mar 15, 2019 2:11 pm

We're at about 25% now and then yeah another 13-14% for student loans. Fun times. We also had a loan the proceeds of which we used to build a deck. We paid that off last week and also no longer have a financed vehicle, so at the moment we're free of all other debt and can finally start saving money beyond our retirement plans (j/k the next year of that money is going to get soaked up by stuff we need to do for the house).
User avatar
powderfinger
 
Posts: 13276
Joined: Mon Dec 14, 2009 6:36 pm

Postby what the schmuck » Fri Mar 15, 2019 2:36 pm

powderfinger wrote:We're at about 25% now and then yeah another 13-14% for student loans. Fun times. We also had a loan the proceeds of which we used to build a deck. We paid that off last week and also no longer have a financed vehicle, so at the moment we're free of all other debt and can finally start saving money beyond our retirement plans (j/k the next year of that money is going to get soaked up by stuff we need to do for the house).


yeah i thought this was going to be a big savings year after we redid the basement last year. Then our sewer line got a crack and they had to demo part of our front porch so now my wife is all 'well...might as well redo all of our landscaping and sidewalks since we have to put in a new porch'

she already put down a deposit for a landscape architect to come out April 3rd to design everything :?
User avatar
what the schmuck
 
Posts: 1515
Joined: Wed Feb 10, 2010 9:18 pm
Location: Seattle

Postby jbiz » Fri Mar 15, 2019 4:36 pm

as of yesterday our mortgage is our only debt, which is fucking crazy. when i started boarding here i had like $75k in student loans and who knows what else, not including what my wife had when we met. paid off both cars, a short-term loan related to some home improvements from a couple years ago, a new AC system, and the last of my student loans all in the past 6 months. my wife's been on a big dave ramsey kick and it rubbed off on me i guess
User avatar
jbiz
 
Posts: 8560
Joined: Mon Dec 14, 2009 3:40 pm

Postby snuggle » Fri Mar 15, 2019 5:02 pm

I had it where it was like 50% or more at one point when my wife was staying at home with the kid and it was very tough
User avatar
snuggle
 
Posts: 2265
Joined: Wed Jul 12, 2017 7:17 pm

Postby Paul » Mon Mar 18, 2019 11:28 am

i booked the week off to have this plumbing problem fixed in my home but they didn't schedule the work on their end because they said I didn't tell them it was ok if there was a jackhammer in my home in an email even though I TOLD her I had booked the week off and I spoke to the guy who would be in charge of the work IN PERSON.

what the fuck.
User avatar
Paul
 
Posts: 24370
Joined: Tue May 25, 2010 11:18 am

Postby sadville » Tue Mar 19, 2019 5:36 pm

oh shjit i just bought a house
User avatar
sadville
 
Posts: 9093
Joined: Mon Dec 14, 2009 11:35 pm
Location: soul lips

Postby bluemovers » Tue Mar 19, 2019 5:38 pm

congrats!
User avatar
bluemovers
 
Posts: 9162
Joined: Mon Dec 14, 2009 3:27 pm
Location: deciduous and coniferous

Postby Paul » Wed Mar 20, 2019 6:39 pm

Jackhammer dudes managed to come yesterday but there was an issue and they went all day today. My head is rattling and my house is now covered in cement dust despite their efforts to keep it contained. Just spent an hour vacuuming.

Image
User avatar
Paul
 
Posts: 24370
Joined: Tue May 25, 2010 11:18 am

Postby Paul » Wed Mar 20, 2019 6:41 pm

the handheld Dyson my family got me for Christmas has come in very handy. Recommended but way too expensive.
User avatar
Paul
 
Posts: 24370
Joined: Tue May 25, 2010 11:18 am

Postby mcwop23 » Wed Mar 20, 2019 8:28 pm

that looks like a nightmare
wendy wrote:
colin meloy doesn't need to die
User avatar
mcwop23
bitchez ain't shit but pups and licks
 
Posts: 74354
Joined: Mon Dec 14, 2009 6:56 pm
Location: Jacksonville, FL

Postby Cone » Wed Mar 20, 2019 8:47 pm

Paul wrote:the handheld Dyson my family got me for Christmas has come in very handy. Recommended but way too expensive.


There is really nothing more satisfying to me than using a really high quality vacuum


and my condolences on the plumbing issue, that picture almost gave me a panic attack
User avatar
Cone
 
Posts: 15220
Joined: Mon Oct 17, 2011 5:58 am

PreviousNext

Return to Mamma Mia... Here We Go Again....

Who is online

Users browsing this forum: Alexis, banquo, basenjis chortle, brent, buriedinspace, cartola, Catbird Seat, chargie, Conetoaster, dan, danslog, DasLofGang, deer, DigEm, dreamshake, drudge, epistrophy, Eyeball Kid, Flossed Out, Franco, freezinseason, goldsoundz, Google Feedfetcher, Grey Poupon, guaranteed mediocrity, guy forget, Hal Jordan, hamilton, hazel, hired goon, hoopdog, Hugh, hull Bound, hyperbole man, Ides of Smarch, jack, jordana, Kaputt, lights, Lucky, Marcus, Messenger, Milquetoaster Strudels, Montague Terrace, mynameisdan, nocents, odilon redon, Poptone, powderfinger, Render, rex, rich uncle skeleton, s/ns, savory nun, sconies, screaming emphysema, Shotfrog, sniplets, spaghettiandblankets, Spooky Jim, system32, terrific bedwetter, tgk, trampoline, unsandpiper, warmjets, winjer, yungboi, Zardoz