Just wondering how we stack up compared to other forums
Here's the same question on lemmy.ml: https://midwest.social/post/17238
mortgage payment is 24%, but I throw 34% with the "extra" going to principle.
I can get away with this extra payment because of the student loan pause. it's my first year of owning my first home, a fixer upper in a LCOLA.
Oof my condolences. Worst housing situation in the anglosphere I reckon
currently the percentage of my income going towards rent is undefined as i am unemployed
i don't expect to ever own my own home
About 27%, give or take. Live in social housing in Denmark where rent is a function of cost and housing associations are not allowed to make profits.
A bit over 50%. It was like 35-40% when I was just working, but I’m in grad school now and my stipend is less than what I made before, only $20k a year.
I live in a 2 bedroom with a roommate
This was one of the most significant factors in my radicalization. All landlords will and must be destroyed.
About 20% of my wife and I’s combined income, though our lease is up in a few months so we’ll see how high they bump it. We snagged our apartment at the bottom of covid prices and now everything is insanely expensive. Our same place is going for $1k more per month if you tried to get it now. Wish we had rent control laws in my state
Owner. Our mortgage payment is about 25% of our household income. No way I'd be able to afford this joint on my own; my wife will always have to work in some capacity. Fortunately my wife makes more money than me. For now. I have no trust in her industry.
We live in the most affordable area of a very unaffordable region. Had I not had a VA loan and/or if we decided to live one town/county over - forget about it.
Edited to add: we bought new construction but not a cookie cutter tract home. The guy who built it fell into a medical coma and the family had to unload (we were unaware of this) so we negotiated the place well under value. And since it's new, I'll eventually have to pay into maintenance and upkeep. But currently we are good. Good enough to a point where I'm debating going solar since it's obvious our government will never mandate it.
