[UCGal]

[quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

25% taxes
35% savings
15% rent
25% other expenses

Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

Sure – you have 50% you could spend on housing (35% savings + 15% rent)… but you’re not typical.

The 45% is based on *most* people… In other words the non-piggs that don’t save 35% of their gross income. Up until very recently the savings rate in the US was actually negative (spending more than earning)… Now it’s a few percent.

[UCGal]

[quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

25% taxes
35% savings
15% rent
25% other expenses

Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

Sure – you have 50% you could spend on housing (35% savings + 15% rent)… but you’re not typical.

The 45% is based on *most* people… In other words the non-piggs that don’t save 35% of their gross income. Up until very recently the savings rate in the US was actually negative (spending more than earning)… Now it’s a few percent.

[UCGal]

[quote=beanmaestro]I have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)

25% taxes
35% savings
15% rent
25% other expenses

Other than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.[/quote]

Sure – you have 50% you could spend on housing (35% savings + 15% rent)… but you’re not typical.

The 45% is based on *most* people… In other words the non-piggs that don’t save 35% of their gross income. Up until very recently the savings rate in the US was actually negative (spending more than earning)… Now it’s a few percent.

[UCGal]

debt to income of 45%… That still seems too high.
But what do I know.

[UCGal]

debt to income of 45%… That still seems too high.
But what do I know.

[UCGal]

debt to income of 45%… That still seems too high.
But what do I know.

[UCGal]

debt to income of 45%… That still seems too high.
But what do I know.

[UCGal]

debt to income of 45%… That still seems too high.
But what do I know.

[UCGal]

Oh – and congratulations on your anniversary!

[UCGal]

Oh – and congratulations on your anniversary!

[UCGal]

Oh – and congratulations on your anniversary!

[UCGal]

Oh – and congratulations on your anniversary!

[UCGal]

Oh – and congratulations on your anniversary!

[UCGal]

Two restaurants I’ve enjoyed lately:

Sea Rocket Bistro
http://searocketbistro.com/

The Linkery

The Linkery

Both have really good/fresh/tasty food. Both buy their food locally and are part of the slow food movement. Both have decent vegitarian selections – as well as carnivore choices.

They’re in North Park – both on 30th – but different parts of 30th.

[UCGal]

Two restaurants I’ve enjoyed lately:

Sea Rocket Bistro
http://searocketbistro.com/

The Linkery

The Linkery

Both have really good/fresh/tasty food. Both buy their food locally and are part of the slow food movement. Both have decent vegitarian selections – as well as carnivore choices.

They’re in North Park – both on 30th – but different parts of 30th.

[Author]

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