1 in 5 Americans Are House Poor?!

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Figured it out yesterday that my mortgage is 36% of my income. It does make things hard.

hillscraperfpv
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The house that just gives you a comfortable amount of space and yard and is in a decent area is crazy expensive.

And then rent is crazy expensive

michelleheadley
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Mines over 40%
But there’s only 6 years left on it
So I will struggle on
A 7 year mortgage is nothing

marlonthomas
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I know houses come with extra costs. But a 2-bed room apartment is the same price as my mortgage….. so either way housing is going to be more than 35%

TrulyCrispy
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Currently paying a house note in daycare

quintc
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Don't buy a home if you don't have 20% down and doing a 15year mortgage. Pay all your debts off and buy a used car Toyota and save 4000k a year . Save all your refunds tax time put it in high yield savings account don't touch it till you minimum 25k. And borrow from family to match you got 50k. And go make some moves get the house . Pay extra payments pay every 2 weeks and pay off house in 7 years.

ChipChurp
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Shut up... dude y'all got mortgages, car payments etc... also paying ur wife's best bilks...soon as y'all lose ur jobs y'all loses everything

darrellm.