I'm defining take home pay as post-taxes but pre-401(k) or other savings. For mortgage, include the whole payment - taxes, insurance, PMI, etc. -hendred
I feel much better about my rent after calculating this, which is not the reaction I expected to have.
is there a possible correlation between owning and renting? or are the percentages probably going to be the same if broken down to that level
If you only included the mortgage, then I would bet that owning might be lower because you are neglecting all of those other expenses such as property tax, expected maintenance, etc that are already accounted for by those setting rental prices.
We touched on some of this before, FWIW.
At some point I'll unwittingly make a post about someone somehow not supporting the troops and the entire site will collapse into itself. I hope this comment doesn't count.
did you include your broker fees, bob?
I use the mirror site at work. Please don't block it or I will have no purpose in life. Of course, that means that it just got blocked.
Does the mirror site crack every time you look at it?
