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Buy a GTR or a House?

Originally Posted by birdmanx1 Don't rush to buy a house for the sake of buying one; my personal rule for the mortgage is that it should be less than 28%

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Old 09-11-2011, 05:53 PM   #10 (permalink)
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Originally Posted by birdmanx1 View Post
Don't rush to buy a house for the sake of buying one; my personal rule for the mortgage is that it should be less than 28% of your biweekly paycheck and always count your income not that your spouse/GF/parents. Don't listen to real estate sales people, they have the worst financial ethic, (trust me I know a few and the kind of interests they are paying on their own home) Living way under your means gives you piece of mind and ensures you to save for what's more important long term all the while giving you rooms for personal trips all over the world
Sounds nice and all, but damn who actualy makes that much to keep their mortgage under 28% of their BIMONTHY income! (That's what you meant right? Never heard of getting paid twice a week unless... lol) Hell, if you can keep your mortgage with tax and insurance under your BIMONTHY pay check you are doing good!!!
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Last edited by tjlazer; 09-11-2011 at 05:57 PM.
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