Currently, living in an upscale townhouse in DFW suburbs, 10% of our combined income goes to mortgage and HOA.
Looking for single family residence since we have kids now, and it seems if we want to live in similar upscale neighborhood with good schools, we will need to put 25% towards mortgage & HOA. 2 years ago, it would have been only 12-15%.
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Currently, living in an upscale townhouse in DFW suburbs, 10% of our combined income goes to mortgage and HOA.
Looking for single family residence since we have kids now, and it seems if we want to live in similar upscale neighborhood with good schools, we will need to put 25% towards mortgage & HOA. 2 years ago, it would have been only 12-15%.