22% of gross at maximum, though it fluctuates somewhat since my work is project-based.
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Originally posted by Rufus T. Firefly
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.
Whereas it used to be that downtown prices were less than upper NW and suburban prices, that situation has reversed. The way it is now makes more sense from an economic perspective, but it was the opposite for a long, long time (always?).I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
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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!Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety. - Ben Franklin
Iain Banks missed deadline due to Civ | The eyes are the groin of the head. - Dwight Schrute.
One more turn .... One more turn .... | WWTSD
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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.In the beginning the Universe was created. This made a lot of people very angry and has been widely regarded as a bad move. - Douglas Adams
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I increased my mortgage payments so that it now represents about 30% of my net pay.
This does not include my wife's income or taxes and insurance.
Its also far more than we need to pay. I believe our REQUIRED payments would be more like 18% om my income-- ( but we will own our house in 10 years)You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto Luongo
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Originally posted by Flubber
I increased my mortgage payments so that it now represents about 30% of my net pay.
This does not include my wife's income or taxes and insurance.
Its also far more than we need to pay. I believe our REQUIRED payments would be more like 18% om my income-- ( but we will own our house in 10 years)
Took me 7 years to pay mine off. I was putting like 70% in.. Maybe a little less, I never figured it out.
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I have freinds who rent at 60+% of their salary. And my freinds dont' live in DC, but in Prince Georges County. (College Park, mostly)
Jon Miller
(I currently live in Newport News...)Jon Miller-
I AM.CANADIAN
GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.
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Originally posted by Dis
Took me 7 years to pay mine off. I was putting like 70% in.. Maybe a little less, I never figured it out.
Oh and I would never put 70% of my income into anything in a given year--- Diversify!! I have approximately 20% of my net being put aside in investments and another 5% of net being put aside for my children.You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto Luongo
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