What % Of Your Income Is Spent on Housing?
Apr 20th 2006, 8:06 am
#76
Account Closed
Joined: Aug 2004
Posts: 22,220
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by Bob
our landlords are right bunch of crunts, takes forever to sort out anything if anything breaks, hell, the lights out in the hallway have been out for the last two months *l*
Apr 20th 2006, 10:32 am
#77
Here we go Pittsburgh!
Joined: Aug 2002
Location: Pittsburgh PA, USA
Posts: 581
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by CaliforniaBride
Just wondered since the USCIS "Welcome to America" information page states that most Americans spend 25% of their income on housing. I know this would vary state to state but it still seems a bit low. I know we spend closer to 40%.
So, my question is what percentage of your income is spent on housing whether you rent or buy?
So, my question is what percentage of your income is spent on housing whether you rent or buy?
We live in PA.
Apr 20th 2006, 10:55 am
#78
Lapine Member
Joined: Nov 2004
Location: Austin, Texas in my own little world
Posts: 21,691
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by BigDavyG
It has its perks apparently 
Actually in many towns in blighty the student market is surprisingly lucrative, and if you're going to chose you would rather birds than fellas
Actually in many towns in blighty the student market is surprisingly lucrative, and if you're going to chose you would rather birds than fellas
Apr 20th 2006, 11:39 am
#79
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Joined: Sep 2005
Posts: 8,271
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by Giantaxe
Miami would probably be second on my list 
Seriously, I'd wait a while.. I read a couple of weeks ago that there are more condos under construction in Miami than have been sold in the last nine years. Falling for the "buy now or forever be priced out" line might have been good advice a couple of years ago or even last year, but in places like Miami I doubt it is now.
Seriously, I'd wait a while.. I read a couple of weeks ago that there are more condos under construction in Miami than have been sold in the last nine years. Falling for the "buy now or forever be priced out" line might have been good advice a couple of years ago or even last year, but in places like Miami I doubt it is now.Same can be said of San Fran and quakes....all the massive over building around the bay area has happened during the 20th C which has been historically quiet for seismic activity along the San Andreas and associated fault lines (1906 essentially released the surface stress but now its built back up again). Apparently the predictors are now showing a 30% chance of a > 8.0 seismic event within the next 15- 20 years...if/when that happens I wouldnt want to be sat in a multi-million $$$ condo built on reclaimed soil (which basically liquifies during seismic activity) overlooking the bay.
Apr 20th 2006, 1:40 pm
#80
.
Joined: Nov 2002
Location: Where bad things rarely happen in movies
Posts: 8,933
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by snowbunny
Yeah -- remember The Young Ones!
Yeah, cos we were all just like that
Actually, I had a mate that had a striking resemblance to vivian, both looks and personality :scared:
Apr 20th 2006, 1:53 pm
#81
Lapine Member
Joined: Nov 2004
Location: Austin, Texas in my own little world
Posts: 21,691
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by Angry White Pyjamas
Same can be said of San Fran and quakes....all the massive over building around the bay area has happened during the 20th C which has been historically quiet for seismic activity along the San Andreas and associated fault lines (1906 essentially released the surface stress but now its built back up again). Apparently the predictors are now showing a 30% chance of a > 8.0 seismic event within the next 15- 20 years...if/when that happens I wouldnt want to be sat in a multi-million $$$ condo built on reclaimed soil (which basically liquifies during seismic activity) overlooking the bay.
Apr 20th 2006, 1:53 pm
#82
Lapine Member
Joined: Nov 2004
Location: Austin, Texas in my own little world
Posts: 21,691
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by Yorkieabroad
Yeah, cos we were all just like that Actually, I had a mate that had a striking resemblance to vivian, both looks and personality :scared:
Actually, I had a mate that had a striking resemblance to vivian, both looks and personality :scared:
Apr 20th 2006, 3:34 pm
#83
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by BigDavyG
Imagine how good you would feel if you bump the late payment fee up to $100.
Actually if you are game enough to be handling all your own affairs in this country fair play to you. I know a lot of people say that letting agents make money for old rope, but imo its money well spent if something does go wrong.
Actually if you are game enough to be handling all your own affairs in this country fair play to you. I know a lot of people say that letting agents make money for old rope, but imo its money well spent if something does go wrong.
As long as people communicate we me i usually waive the fees....
people here want 10-12% of gross rent - too much in my mind.
I only buy property actually near me so i can get local people i trust to fix stuff that breaks
I have a few section 8 tenants actually and on the whole they have been fine
this stems from the fact that its bloody hard to get a section 8 voucher, and once you have someone else paying your rent you typically don't want to give it up!
only downside is that the inspectors are often twats - i don;t have storm windows on my house FFS, why should i put them on my tenants windows?
Like everything in life, its all about getting a nice balance
Apr 20th 2006, 3:48 pm
#84
Lapine Member
Joined: Nov 2004
Location: Austin, Texas in my own little world
Posts: 21,691
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by rushman
Change the bulb yourself you lazy bastard.
Apr 20th 2006, 4:36 pm
#85
strangely floppy..
Joined: Mar 2005
Location: Ohio - originally London
Posts: 1,719
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by CaliforniaBride
Just wondered since the USCIS "Welcome to America" information page states that most Americans spend 25% of their income on housing. I know this would vary state to state but it still seems a bit low. I know we spend closer to 40%.
So, my question is what percentage of your income is spent on housing whether you rent or buy?
So, my question is what percentage of your income is spent on housing whether you rent or buy?
Apr 20th 2006, 10:29 pm
#86
BE Site Lead
Joined: Aug 2004
Location: MA, USA
Posts: 92,170
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by rushman
Change the bulb yourself you lazy bastard.
Apr 20th 2006, 10:57 pm
#87
Lost in BE Cyberspace
Joined: Feb 2004
Posts: 14,577
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by Angry White Pyjamas
Dont worry they'll all be blown down/washed away real soon. All this over building has gone on during a 20 year historic lull in the Atlantic activity...which as we have seen is coming to a rapid end.
Same can be said of San Fran and quakes....all the massive over building around the bay area has happened during the 20th C which has been historically quiet for seismic activity along the San Andreas and associated fault lines (1906 essentially released the surface stress but now its built back up again). Apparently the predictors are now showing a 30% chance of a > 8.0 seismic event within the next 15- 20 years...if/when that happens I wouldnt want to be sat in a multi-million $$$ condo built on reclaimed soil (which basically liquifies during seismic activity) overlooking the bay.
Same can be said of San Fran and quakes....all the massive over building around the bay area has happened during the 20th C which has been historically quiet for seismic activity along the San Andreas and associated fault lines (1906 essentially released the surface stress but now its built back up again). Apparently the predictors are now showing a 30% chance of a > 8.0 seismic event within the next 15- 20 years...if/when that happens I wouldnt want to be sat in a multi-million $$$ condo built on reclaimed soil (which basically liquifies during seismic activity) overlooking the bay.
I also heard on the radio last week that house prices have dropped in Broward for a second month in a row, not sure about Dade.
Apr 21st 2006, 2:04 am
#88
Back Again
Joined: Aug 2004
Location: Virtual Reality
Posts: 10,831
Re: What % Of Your Income Is Spent on Housing?
Originally Posted by CaliforniaBride
Just wondered since the USCIS "Welcome to America" information page states that most Americans spend 25% of their income on housing. I know this would vary state to state but it still seems a bit low. I know we spend closer to 40%.
So, my question is what percentage of your income is spent on housing whether you rent or buy?
So, my question is what percentage of your income is spent on housing whether you rent or buy?
I hate knowing I'm paying somebody else's mortgage!
