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Just curious: what percentage of your household income goes to pay for mortgage or rent?
Mine has been 0% for years
but that's not why I bring it up.
In thinking back to when I lived in the US, it seems that the rent on our last apartment was about 13-14% of my wife's and my gross annual income. (I'm excluding utilities, cable, insurance, etc.) When we bought a place, the mortgage payment was, again, about 12-14% or our combined gross annual incomes.
In a little over a year, we're looking at moving back to the US for a domestic tour, which will entail again paying rent.
I can roughly project our household income, and what 12-14% of that income gets me in DC and its suburbs is pretty much a studio apartment. If I actually want a place big enough for a family of three with room to host the grandparents when they visit, I need to look in either the ghetto or West Virginia.
So I'm both
and 
, but I want to know what the deal is for everyone else.
Mine has been 0% for years
but that's not why I bring it up.In thinking back to when I lived in the US, it seems that the rent on our last apartment was about 13-14% of my wife's and my gross annual income. (I'm excluding utilities, cable, insurance, etc.) When we bought a place, the mortgage payment was, again, about 12-14% or our combined gross annual incomes.
In a little over a year, we're looking at moving back to the US for a domestic tour, which will entail again paying rent.
I can roughly project our household income, and what 12-14% of that income gets me in DC and its suburbs is pretty much a studio apartment. If I actually want a place big enough for a family of three with room to host the grandparents when they visit, I need to look in either the ghetto or West Virginia.So I'm both
and , but I want to know what the deal is for everyone else.
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.
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