What % of net (take home) pay are you paying towards your monthly mortgage payment?
And
What % of net (take home) pay are you spending monthly on housing costs? Housing costs being mortgage + property tax + condo fee’s (if applicable) + utilities (not including cable/internet) + insurance.
Read lots of stuff online about total housing costs to not exceed 30% gross salary which seems absurdly high! Is 30% of net salary for all housing costs more reasonable/safe or is 30% of net still crazy?
Obviously the amounts of other debt one has will make a huge difference in these calculations but interesting topic to see roughly where people are actually at.
Edit: In before 10% net salary payments towards $1m house baller posts!