ST Alpha - "I've heard 25-30% of gross. -- nm" (Reading a Post)

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In response to "so since st is smart. I am trying to look for a new place to live, and looking at prices etc, is there a % of your income that " by tRuMaN

I've heard 25-30% of gross. -- nm

Posted by loosilu (aka loosilu) Feb 18 '09, 05:56

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Responses:

is that just housing, or housing plus utilities? -- nm - tRuMaN Feb 18, 05:57 10
- Mortage (P+I), property taxes, any PMI, homeowners's fee. Doesn't include utilities. - ty97 Feb 18, 06:07
- housing -- nm - Don Homer Feb 18, 06:00
- I believe the number depends on whether you'll be buying or renting since so many tax cuts apply to homeowners. -- nm - all the presdients love mandy lane Feb 18, 05:58 6
  - not tax cuts, sorry. like, since interest and taxes are deductible, your overall tax rate is lower if you own than if you rent. sorry for the error. -- nm - all the presdients love mandy lane Feb 18, 05:59
  - renting. -- nm - tRuMaN Feb 18, 05:58 4
    - i pay about 25% of gross for renting. -- nm - Andie Feb 18, 06:07
    - I pay around 27% (of gross) - utilities included -- nm - decline Feb 18, 06:02
    - I pay 25%, utes included. -- nm - loosilu Feb 18, 05:59
    - sfek, more than likely. -- nm - tRuMaN Feb 18, 05:58
- someone smarter than me needs to answer. -- nm - loosilu Feb 18, 05:58

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