Timeline for Apartments are far more expensive in my area. Should I seek a house on limited income?
Current License: CC BY-SA 3.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 30, 2019 at 18:48 | comment | added | RonJohn | @Michael rent has mortgage, taxes, insurance (including PMI), repair and maintenance all rolled into one. That's why it can exceed 28% of income. | |
| Oct 30, 2019 at 18:28 | comment | added | user12515 | Well my point was more that debt to income should be under 36%, but since renting doesn't count as debt, it may be somewhat easier to exceed this in housing costs. | |
| Oct 30, 2019 at 17:39 | comment | added | RonJohn | @Michael see the DJClayworth answer money.stackexchange.com/a/87325/22266 for other expenses to owning a house. | |
| Oct 30, 2019 at 17:07 | comment | added | user12515 | the funny thing is, suppose the cheapest rent is $400/month or more... | |
| Nov 16, 2017 at 9:24 | history | answered | RonJohn | CC BY-SA 3.0 |