Here’s today’s Question of the Day:
Be sure to include property taxes, insurance, and PMI. I also would include any home-equity loan payments.
I just ran our numbers and it came to 16%. WOO HOO! My wife and I have been “talking” about moving into a nicer house. I’m not that excited about it. My fear is that we would buy too much house and pay too much and put ourselves in a bind. We did that when we bought this house and I don’t want to ever go through that again.
Now it’s your turn to weigh in.