What percentage of your net income do you pay for mortgage/rent?

About half.

25% of my net goes to rent. I live in the SF Bay Area, but have lived in the same building since 2007. To rent an equivalent market at current market rates would mean closer to 40%.

Wouldn’t that be different for everyone depending on their income and caliber of house?
If I remember right our banker told us we could go as high as 30% of our gross income which I thought was ridiculous .
For our house,(that is paid for now) we were something like 19%.

Somewhere around 18–19%. before I did the refinance (about 4 years ago) it was more like 24%.

Net income being minus taxes?

Beforr I got laid off, 22%.

exactly half

The estate was bought & paid for long ago, staff wages though…££££££££££££ goodness me!

Just property taxes which I think are about 5k a year. We also have a rental on our property that more than pays our property taxes.

We live very modestly, around 10% goes to mortgage. We just sold our condo and in a few weeks will be closing on a house with more space. It’ll be around 14–16% then. We don’t have kids and neither of us really want too much “stuff” in the sense that we feel the need to live in as fancy a place as we can afford.

@DoNotKnowMuch 21% is not too much but going over say 35% is something that should bring pause. It does greatly depend on your situation and in some areas going over that is unavoidable. Ultimately use your best judgement. Lenders seem to allow people to borrow about double what they can actually afford comfortably at least where I live. Good luck!

^ Thanks. I’m in MA and live in an absurdly-expensive area. It looks like 30% – 33% is what we’re facing. Running tons of finances and budgeting numbers. We might be putting an offer on a house tomorrow, and we’re not financially prepared for the usual bidding wars that seem to be common here.

@DoNotKnowMuch Good luck the real estate market is hot here too. We sold our place in seven hours and had to offer more than listing to get the house we wanted settled for. 33% is high but not off the charts for areas like you are in. You just have to cut back other finances like eating out, investing etc…

A little bit over half… :-(

About 15%

37 percent for rent

My paycheck is direct deposited and honestly I don’t know what it is, either before or after taxes. Will look at it on the work computer Monday and then let you know my answer.

When I was in my 20’s it was usually about 25% not including utilities. I went through a time of making much lower pay when it was 50%. I think when I was first married it was about 35% if we are including property taxes and home insurance. I got married when I was 25. Within 5 years it was lower. Maybe 25%.

In my mid 30’s through my mid 40’s it has varied from 5% – 20% (again, including property taxes and insurance) although, this isn’t counting having to fix something on a house I owned. For instance, when I was around the 5% mark I also spent $7k to put in an irrigation system. That same house used $120 worth of water every month in the summer. Every summer I spent about $400 – $500 to mulch the beds. I had to paint the house, which cost $6k. That house had more expensive upkeep than any of my others. Although, that house I didn’t have a maintenance fee. I’ve paid as high as $250 a month for maintenance fees.

Right now we are in a negative cash flow situation. I make about $500 a month net, and my husband is on unemployment. Our rent is $1295 a month (but it includes utilities) and to store our furniture is almost $700! I’m pretty sure we are right around 100% just paying for rent and our goods in storage.

36%, but I plan to move as soon as my lease is up to get it lower.