Notices
The Basement Non-Honda/Acura discussion. Content should be tasteful and "primetime" safe.

Homeowners & Renters...payments?

Thread Tools
 
Old Sep 20, 2005 | 11:24 AM
  #1  
airon's Avatar
airon
Thread Starter
AARONNOJIMA.COM
 
Joined: Aug 2000
Posts: 8,559
Likes: 0
From: Elk Grove, Ca AOL/AI
Default Homeowners & Renters...payments?

I have a question for the homeowners and renters
How much of your take home (i mean after taxes, before bills and deductions) are your house payments/mortgage?

Now the same question for the renters.

Just wondering what should your ratio be from your pay to your mortgage. Also i may be hitting some of you guys for home ownership advice and ideas hnoes:


<--airon frighteningly thinking about his future :eek3:
__________________
"Dreaming is how the strong survive....."
"Am I dying to live, or living to die?"
Reply
Old Sep 20, 2005 | 11:25 AM
  #2  
dubcac's Avatar
dubcac
I
 
Joined: Jan 2001
Posts: 56,525
Likes: 0
From: Westside til I die
Default

Well in order to get approved on a lease/mortgage you would have to clear 3 times what the monthly payment would be....I think. I know that's how it is for a rental agreement.
__________________
2015 Ford Mustang GT Fastback - Ingot Silver - 6M - Performance Package - Gibson Catback, JLT CAI, FR 47lb injectors, BAMA E85 tune, Eibach Sportline, BMR wheel hop kit, UPR oil separator, Steeda shifter bushing/bracket
Team B.O.B.® - Ballaz on a Budget
Reply
Old Sep 20, 2005 | 11:25 AM
  #3  
puffy's Avatar
puffy
bow down to king puffy
 
Joined: Jun 2002
Posts: 8,694
Likes: 0
Default

you are looking atleast 2/3 of your paycheck going to mortgage, about half if renting
Reply
Old Sep 20, 2005 | 11:26 AM
  #4  
Nightshade's Avatar
Nightshade
un-Touch'd krew
 
Joined: May 2001
Posts: 51,774
Likes: 1
From: My own level of hell
Default

Paid for outright

When I was renting I was paying $900 a month and bringing home about $2600 a month.

So that makes it about 1/3 of my check give or take.
__________________
"I'll keep my money, guns and freedom. You can keep the "Change."
Reply
Old Sep 20, 2005 | 11:26 AM
  #5  
reech-around's Avatar
reech-around
RIP Woong.
 
Joined: May 2000
Posts: 17,284
Likes: 0
From: san jose, ca
Default

hmm...my rent (minus utilities) is 20% of my monthly net income
__________________
.
Reply
Old Sep 20, 2005 | 11:27 AM
  #6  
Nightshade's Avatar
Nightshade
un-Touch'd krew
 
Joined: May 2001
Posts: 51,774
Likes: 1
From: My own level of hell
Default

Originally Posted by rich
hmm...my rent (minus utilities) is 20% of my monthly net income
You need to rent a more expensive place then
__________________
"I'll keep my money, guns and freedom. You can keep the "Change."
Reply
Old Sep 20, 2005 | 11:27 AM
  #7  
toplineauto's Avatar
toplineauto
Registered User
 
Joined: Aug 2005
Posts: 34
Likes: 0
From: Portland, Oregon
Default

the thing about buying is that the IRS gives you your payment back on your taxes
Reply
Old Sep 20, 2005 | 11:28 AM
  #8  
RB's Avatar
RB
snitches get stitches
 
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
Default

Loan of ~150k....payments are around ~950 a month.


0 monthy income...so my rent is about 1 billion percent of my income :exnbp:
Reply
Old Sep 20, 2005 | 11:28 AM
  #9  
dubcac's Avatar
dubcac
I
 
Joined: Jan 2001
Posts: 56,525
Likes: 0
From: Westside til I die
Default

Originally Posted by Nightshade
You need to rent a more expensive place then
No, he just needs to buy the comptech s2k blower.

:rick:
__________________
2015 Ford Mustang GT Fastback - Ingot Silver - 6M - Performance Package - Gibson Catback, JLT CAI, FR 47lb injectors, BAMA E85 tune, Eibach Sportline, BMR wheel hop kit, UPR oil separator, Steeda shifter bushing/bracket
Team B.O.B.® - Ballaz on a Budget
Reply
Old Sep 20, 2005 | 11:29 AM
  #10  
reech-around's Avatar
reech-around
RIP Woong.
 
Joined: May 2000
Posts: 17,284
Likes: 0
From: san jose, ca
Default

Originally Posted by Nightshade
You need to rent a more expensive place then
hahah...i have a roomie rick has seen my place, it's pretty nice
__________________
.
Reply



All times are GMT -8. The time now is 03:57 PM.