I’m deep in the planning stages of building a new house for my family. Right now, though, I’m trying to come to terms with the sticker shock and compare what others are paying for their housing.
Currently, I’m paying cheap rent at about 20% of my take-home. However, the monthly payments on the new house are likely to be about 40% of my net monthly earnings. Clearly, I’ve got some lifestyle adjusting to do.
What are you paying for housing, as a percentage of your net take-home pay?