the cost of living

[topaz]

As I fill out mortgage applications for moving in to Mosaic Commons I can't help but do the math and see that the cost of our mortgage, condo fees, and property taxes adds up to about 40% of my net take-home pay, without even taking heating costs into account. This seems really high to me but maybe I don't have much to compare it to.

[Poll #1363745]

Comments

[catya.livejournal.com]

i want to say that our affordable units are priced based on 33% of income = mortgage + taxes + insurance + condo fees, but i can't find the number now.

[ghislaine.livejournal.com]

Yes, that's correct.

[maebeth.livejournal.com]

Its 30% in the spread sheet you sent me once, used for calculating mortgage payments.

[maebeth.livejournal.com]

I was using 33% for my own calculations, but the affordable units actually use 30%