How much goes to mortgage/rent? - DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate

**fuesquemill** · 04-19-2007, 10:41 AM

The income goes at like 25% or something. If my roommate left, it would be 50% or so.

Jon Miller

**GitaraMoya** · 04-19-2007, 10:46 AM

We're paying maybe 7-10% gross income for our mortgage.

**VovTortki** · 04-19-2007, 10:51 AM

0%.

**haudraufwienix** · 04-19-2007, 10:56 AM

Not counting utlities, just under 5% of what me and my wife make. Go me

But there is a $5,000 deposit and we are saving about 1/3 of what me make for a big housing deposit (maybe $30K) on a nicer place.

**intmarkworkk** · 04-19-2007, 11:54 AM

I actually have found myself thinking the same thing. I live here and I still don't understand it.

**Foucceedo** · 04-19-2007, 01:23 PM

my family - I don't know.

"mine" - 5/11, almost a half

but it's my parents' money. With them and our house included, it'd be less than 20% I believe

**xochex** · 04-19-2007, 03:54 PM

9.3% of gross. Mortgage & condo fees. But I live in that studio condo you were talking about.

Thinking about moving up, but as you say, DC real estate is very expensive right now.

**StevenS** · 04-19-2007, 04:13 PM

22% of gross

**Plulpangepler** · 04-19-2007, 04:49 PM

22.6% of gross

**PilotJargon** · 04-19-2007, 04:52 PM

About 28% of net pay (18% of gross).

**laperuzdfhami** · 04-19-2007, 04:59 PM

What's the average for USA? I half-remember reading 60%, can this be true?...

**soprofaxel** · 04-19-2007, 05:30 PM

Originally posted by DanS
Last time I looked, some parts of NW/upper NW weren't crazy (the revived neighborhoods downtown is where it's craziest), but that may have changed. Wheer are we talking about? Friendship Heights? Van Ness? U Street? Those would all work. But I confess, I'd love to be in the revived downtown; Chinatown in particular would rock. I just don't see it happening on a bureaucrat's salary, though.

**Enjknsua** · 04-19-2007, 05:41 PM

Originally posted by Saras
What's the average for USA? I half-remember reading 60%, can this be true?... Seems highly unlikely. Don't think anybody would write a loan at that percentage.

**bZEUWO4F** · 04-19-2007, 05:59 PM

Rent: >20% of gross

DC prices

**Immonnaornach** · 04-19-2007, 06:09 PM

Originally posted by Metaliturtle
18% of gross
25% of net

either way too much for rent. Earn more

**tmobmobfil** · 04-19-2007, 06:46 PM

About 25% of net.

**Biassasecumma** · 04-19-2007, 06:51 PM

about 22% of net... when I live in Cali it was more like 50%!

**pXss8cyx** · 04-19-2007, 07:30 PM

Rent 1 bedroom apartment, around 25% of gross. It was a few points higher last year, but when I recently renewed my lease, I asked if they had any deals, and they lowered my rent!

**DoctorBretonDen** · 04-19-2007, 07:43 PM

We pay about 30% gross for the mortgage on our spacious townhome. However, I'm still working my way up in the company so hopefully it will be dropping soon.

**EmxATW5m** · 04-19-2007, 09:52 PM

After rent, Council tax is about 2.5%, leccy 1%, TV licence 0.4% and that's it for outgoings.

04-19-2007, 10:41 AM	#1
fuesquemill Join Date Oct 2005 Posts 716 Senior Member	How much goes to mortgage/rent? The income goes at like 25% or something. If my roommate left, it would be 50% or so. Jon Miller Share Share this post on Digg Del.icio.us Technorati Twitter
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04-19-2007, 10:46 AM	#2
GitaraMoya Join Date Oct 2005 Posts 538 Senior Member	We're paying maybe 7-10% gross income for our mortgage. Share Share this post on Digg Del.icio.us Technorati Twitter
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04-19-2007, 10:51 AM	#3
VovTortki Join Date Oct 2005 Posts 463 Senior Member	0%. Share Share this post on Digg Del.icio.us Technorati Twitter
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04-19-2007, 10:56 AM	#4
haudraufwienix Join Date Oct 2005 Posts 460 Senior Member	Not counting utlities, just under 5% of what me and my wife make. Go me But there is a $5,000 deposit and we are saving about 1/3 of what me make for a big housing deposit (maybe $30K) on a nicer place. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

04-19-2007, 11:54 AM	#5
intmarkworkk Join Date Oct 2005 Posts 468 Senior Member	I actually have found myself thinking the same thing. I live here and I still don't understand it. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

04-19-2007, 01:23 PM	#6
Foucceedo Join Date Oct 2005 Posts 420 Senior Member	my family - I don't know. "mine" - 5/11, almost a half but it's my parents' money. With them and our house included, it'd be less than 20% I believe Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

04-19-2007, 03:54 PM	#7
xochex Join Date Oct 2005 Posts 572 Senior Member	9.3% of gross. Mortgage & condo fees. But I live in that studio condo you were talking about. Thinking about moving up, but as you say, DC real estate is very expensive right now. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

04-19-2007, 04:13 PM	#8
StevenS Join Date Oct 2005 Posts 455 Senior Member	22% of gross Share Share this post on Digg Del.icio.us Technorati Twitter
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04-19-2007, 04:49 PM	#9
Plulpangepler Join Date Oct 2005 Posts 366 Senior Member	22.6% of gross Share Share this post on Digg Del.icio.us Technorati Twitter
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04-19-2007, 04:52 PM	#10
PilotJargon Join Date Oct 2005 Posts 344 Senior Member	About 28% of net pay (18% of gross). Share Share this post on Digg Del.icio.us Technorati Twitter
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04-19-2007, 04:59 PM	#11
laperuzdfhami Join Date Oct 2005 Posts 465 Senior Member	What's the average for USA? I half-remember reading 60%, can this be true?... Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

04-19-2007, 05:30 PM	#12
soprofaxel Join Date Oct 2005 Posts 436 Senior Member	Originally posted by DanS Last time I looked, some parts of NW/upper NW weren't crazy (the revived neighborhoods downtown is where it's craziest), but that may have changed. Wheer are we talking about? Friendship Heights? Van Ness? U Street? Those would all work. But I confess, I'd love to be in the revived downtown; Chinatown in particular would rock. I just don't see it happening on a bureaucrat's salary, though. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

04-19-2007, 05:41 PM	#13
Enjknsua Join Date Nov 2005 Posts 570 Senior Member	Originally posted by Saras What's the average for USA? I half-remember reading 60%, can this be true?... Seems highly unlikely. Don't think anybody would write a loan at that percentage. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

04-19-2007, 05:59 PM	#14
bZEUWO4F Join Date Oct 2005 Posts 489 Senior Member	Rent: >20% of gross DC prices Share Share this post on Digg Del.icio.us Technorati Twitter
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04-19-2007, 06:09 PM	#15
Immonnaornach Join Date Oct 2005 Posts 394 Senior Member	Originally posted by Metaliturtle 18% of gross 25% of net either way too much for rent. Earn more Share Share this post on Digg Del.icio.us Technorati Twitter
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04-19-2007, 06:46 PM	#16
tmobmobfil Join Date Oct 2005 Posts 470 Senior Member	About 25% of net. Share Share this post on Digg Del.icio.us Technorati Twitter
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04-19-2007, 06:51 PM	#17
Biassasecumma Join Date Oct 2005 Posts 740 Senior Member	about 22% of net... when I live in Cali it was more like 50%! Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

04-19-2007, 07:30 PM	#18
pXss8cyx Join Date Oct 2005 Posts 471 Senior Member	Rent 1 bedroom apartment, around 25% of gross. It was a few points higher last year, but when I recently renewed my lease, I asked if they had any deals, and they lowered my rent! Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

04-19-2007, 07:43 PM	#19
DoctorBretonDen Join Date Oct 2005 Posts 432 Senior Member	We pay about 30% gross for the mortgage on our spacious townhome. However, I'm still working my way up in the company so hopefully it will be dropping soon. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

04-19-2007, 09:52 PM	#20
EmxATW5m Join Date Oct 2005 Posts 428 Senior Member	After rent, Council tax is about 2.5%, leccy 1%, TV licence 0.4% and that's it for outgoings. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote