Income for renting a house

miami85

Tue, Jan 03 2017, 8:44 pm

If you are renting a house for around 3K per month, what is your gross income?

amother

Floralwhite

Tue, Jan 03 2017, 8:49 pm

200k. we are barely making it.

miami85

Tue, Jan 03 2017, 9:05 pm

amother wrote:

200k. we are barely making it.

Also how many kids?

mha3484

Tue, Jan 03 2017, 9:10 pm

Housing should be 1/4 of your income so without tuition that is $150k.

miami85

Tue, Jan 03 2017, 9:12 pm

mha3484 wrote:

Housing should be 1/4 of your income so without tuition that is $150k.

With or without utilities?

miami85

Tue, Jan 03 2017, 9:14 pm

Also I should add, what was your income when getting approval to renting the house? Income can theoretically grow as family grows and expenses grow and experience grows.

mha3484

Tue, Jan 03 2017, 9:16 pm

Utilities are separate.

amother

Floralwhite

Tue, Jan 03 2017, 9:19 pm

miami85 wrote:

Also how many kids?

3 kids total, all in yeshiva

BH after food, car, gas, electric, insurance, student loans and everything else that comes up, we can pay all that each month and are not increasing in debt. and then we have nearly nothing left by the end of the month.