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

[ayse.livejournal.com]

Ours are very high because we are in the middle of a lawsuit over some work on our house, and those costs count as housing costs to me. Also, only one of us is earning an income right now, but that's pretty much been the case since we bought the house.

I would like to get it more in the range of 25% for just the house payment. Then taxes, maintenance, and so forth can bring it up to 5%.