patrick.net

PITI 14% of gross. Currently paying extra P to be mortgage free next year.
But a cheap mortgage payment doesn't tell the whole story, maintenance costs keep going up. We purchased a 1974 SFH in 1991. Will pay several thousand $ this year to replace overgrown bushes, remove an old willow tree, replace all interior doors, replace back entry door.
That doesn't even count paying for lawn care, leaf removal, gutter cleaning, snow removal.
Houses eat money.

OnTheFence says

Jeez when I see that I am paying 39% of my net pay on an apartment it kills me. I new I was probably paying to much of my net in rent, but when I see it right there, 39%, wow.
If only there were cheaper one bedrooms, or I could some how squeeze into a studio…

I thought mine was high, too, until I calculated it using gross income. Maybe if I'd stop putting so much into retirement the % of net wouldn't look so bad;O)

rent: 17% of gross salary
not counting bonus & investments