| Posted By |
Message |
Leeners
:)
Member since 5/05 4898 total posts
Name:
Eileen
|
Spinoff: What is your household's housing to income ratio?
After reading the post about how much to spend I googled national average and apparently the average % income spent on housing in NY was 41.5%  Granted, some of those people are probably long in foreclosure but it's still staggering.
Source: Project America.org
What is your ratio, including your mortgage, taxes, homeowners (and PMI, if applicable)?
(Poll included for those who prefer anonymity)
|
Posted 1/11/10 11:31 AM  |
| |
|
Leeners
:)
Member since 5/05 4898 total posts
Name:
Eileen
|
Re: Spinoff: What is your household's housing to income ratio?
I'll start. Ours will be 22% at my current salary (hopefully about 21.3-21.5% with an imminent raise).
With childcare, though, we're at 37%  But, that's not permanent so we just have to push through the next, oh, five years 
|
| Posted 1/11/10 11:32 AM |
| |
|
rojerono
Happiest.
Member since 8/06 13803 total posts
Name:
Jeannie
|
Re: Spinoff: What is your household's housing to income ratio?
When Rob was working it was 17%.
Now that I am the sole salary it is 36%
This is JUST mortgage, taxes and insurance. I didn't include other household services (heating, etc..) That would be too depressing.
Message edited 1/11/2010 11:36:56 AM.
|
| Posted 1/11/10 11:35 AM |
| |
|
sometimesmommy
Always in my heart.....
Member since 11/06 6686 total posts
Name:
|
Re: Spinoff: What is your household's housing to income ratio?
If our refi goes though it will be 31% of just DH's salary. Now it is depressing to think about ....
|
| Posted 1/11/10 11:41 AM |
| |
|
|
|
Re: Spinoff: What is your household's housing to income ratio?
About 18% now- but I have gotten a few raises since we bought in 05 and DH got a second job that really boosted his salary.
Actually, I'm disgusted with myself/us for not saving more, though I only included mortgage, taxes, ins. I didn't include child care either, which is $1k a month.
|
| Posted 1/11/10 11:41 AM |
| |
|
Leeners
:)
Member since 5/05 4898 total posts
Name:
Eileen
|
Re: Spinoff: What is your household's housing to income ratio?
Posted by MrsProfessor
Actually, I'm disgusted with myself/us for not saving more, though I only included mortgage, taxes, ins. I didn't include child care either, which is $1k a month.
I think that allllllllllll the time. We're paying $2k a month in child care for both boys. What did I do with that $2k every month??? We really blew a lot of $ b/c I don't have a darn thing to show for it.
|
| Posted 1/11/10 11:45 AM |
| |
|
Nifheim
allo
Member since 1/09 5476 total posts
Name:
Jennifer
|
Re: Spinoff: What is your household's housing to income ratio?
wow we are pretty high but we save a few hundred a month, enough so that we can afford to do renovations a little at a time. But i guess the majority save a lot more then that and have more of a cushion.
|
| Posted 1/11/10 11:53 AM |
| |
|
Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
|
Re: Spinoff: What is your household's housing to income ratio?
our house and our apt combined are about 33% of our NET income.
|
| Posted 1/11/10 12:04 PM |
| |
|
OStewarts
LIF Adult
Member since 11/07 1096 total posts
Name:
|
Re: Spinoff: What is your household's housing to income ratio?
17% of our gross income.
|
| Posted 1/11/10 12:21 PM |
| |
|
RocPin
Life's Beachy <3
Member since 2/08 6765 total posts
Name:
Heather
|
Re: Spinoff: What is your household's housing to income ratio?
We are at about 35%
|
| Posted 1/11/10 12:24 PM |
| |
|
eddiesmommy
best buds!
Member since 5/09 11524 total posts
Name:
Melissa
|
Re: Spinoff: What is your household's housing to income ratio?
We are about 34% of our NET income.
|
| Posted 1/11/10 12:50 PM |
| |
|
Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
|
Re: Spinoff: What is your household's housing to income ratio?
19% - our new place will be 28%, btu that will be lower once DH gets his final raise number - hopefully soon - and I get a raise every september
|
| Posted 1/11/10 1:36 PM |
| |
|
csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
|
Re: Spinoff: What is your household's housing to income ratio?
Posted by eddiesmommy
We are about 34% of our NET income.
Us too
|
| Posted 1/11/10 2:56 PM |
| |
|
evenedan
Need a little sunshine
Member since 9/05 3843 total posts
Name:
D
|
Re: Spinoff: What is your household's housing to income ratio?
A little under 14% (assuming I'm calculating correctly).
Message edited 1/11/2010 4:47:40 PM.
|
| Posted 1/11/10 3:04 PM |
| |
|
kahlua716
3 Girls for Me!
Member since 8/07 12475 total posts
Name:
Keri
|
Re: Spinoff: What is your household's housing to income ratio?
32% of our gross yearly income (not including bonuses/any extras) goes to our mortgage (which includes taxes, PMI and Homeowners insurance)
It will be a lower % soon because DH is graduating from his apprenticeship and gets a pretty large pay raise and next year we will have the STAR discount, but our taxes will probably be raised and counteract that anyhow  .
ETA: I just checked and we are at 47% of our NET income. Scary. . .somehow we have enough for all our bills with a tiny bit leftover. 
Message edited 1/11/2010 4:03:26 PM.
|
| Posted 1/11/10 3:58 PM |
| |
|
CAMCaps
Live Laugh Love Run
Member since 6/07 4922 total posts
Name:
|
Re: Spinoff: What is your household's housing to income ratio?
Under 20% gross pay.
|
| Posted 1/11/10 8:09 PM |
| |
|
LulaBell
:)
Member since 1/06 3508 total posts
Name:
J
|
Re: Spinoff: What is your household's housing to income ratio?
23% of what our net was when we were both working - now that I'm home until September with no pay - I won't even calculate because I'll cry!
|
| Posted 1/11/10 8:31 PM |
| |
|
NewLIGirl
LIF Infant
Member since 8/08 150 total posts
Name:
|
Re: Spinoff: What is your household's housing to income ratio?
11% including tax escrow payment
|
| Posted 1/11/10 8:38 PM |
| |
|
Janice
Sweet Jessie Quinn
Member since 5/05 27567 total posts
Name:
Janice
|
Re: Spinoff: What is your household's housing to income ratio?
24% of take home...includes mortgage, insurance, taxes, and hoa fees
|
| Posted 1/11/10 10:33 PM |
| |
|
legallyblonde
LIF Adolescent
Member since 8/08 850 total posts
Name:
K
|
Re: Spinoff: What is your household's housing to income ratio?
27% of our take home
|
| Posted 1/12/10 9:38 AM |
| |
|
CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
|
Re: Spinoff: What is your household's housing to income ratio?
25% of NET pay (mortgage, taxes, ins and HOA fee)
*Edited b/c I forgot to include HOA fee
Message edited 1/12/2010 10:42:01 AM.
|
| Posted 1/12/10 10:39 AM |
| |
|
DiamondGirl
You are my I love you
Member since 7/09 18802 total posts
Name:
DiamondMama
|
Re: Spinoff: What is your household's housing to income ratio?
JUST our mortgage and taxes is 15%.
If I add in ALL CC, car payment it is 27%.
|
| Posted 1/12/10 11:22 AM |
| |
|
computergirl
LIF Adult
Member since 5/05 3118 total posts
Name:
|
Re: Spinoff: What is your household's housing to income ratio?
About 25% of DH's take-home pay. I stay home with the kids. Pre-kids it was barely 15% of our take-home pay.
|
| Posted 1/12/10 2:59 PM |
| |
|
