What percentage of your salary do you spend on housing? I’m considering buying a new place but the new repayments would equal 25% of our household income and I have no clue whether that’s normal or not

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I know this is not ideal, but I spend probably 25 to 26% of my take-home pay on housing now it’s rent so the same as owning the house but let me tell you it is rough so if you could avoid that large of a monthly payment, I would recommend it

Mine is about 34%. It's not ideal, but I'm a single parent and had to buy a new place on my own following a divorce. I think the general rule of thumb is you never want housing to cost more than 30% of your pay, so it sounds like you should be good.

25% is often the recommended max for housing payments. I currently only pay 15% of my gross pay on rent.

25% of your household income going toward housing is generally considered a healthy range. If the rest of your finances are in good shape, that sounds reasonable. Mine is approx. 35% and I know its not ideal...

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