Random Thoughts - Part Deux [NO POLITICS]

[ichitaka05]

Originally Posted by humfrz

humfrz

Yo humfrz,

I got a question. I was doing some calculation and it said that monthly mortgage (plus other house stuff) should be below 28% of my total monthly income before taxes...

Is that sounds bout right? Cuz mine came up to be 20.33%

[humfrz]

Originally Posted by ichitaka05

Yo humfrz,

I got a question. I was doing some calculation and it said that monthly mortgage (plus other house stuff) should be below 28% of my total monthly income before taxes...

Is that sounds bout right? Cuz mine came up to be 20.33%

Yes, although the 28% guideline is a bit conservative in most areas of the US.

A lot depends upon the solidarity of your income stream. If your job (income) is relatively secure and your income is stable, one could go higher.

Going higher than 28% (comfortably), would depend upon primary factors such as.

* a second income (from spouse)

* other monthly payments (like school loans, auto payments, CC payments, etc.)

* other obligations (child support, other debt payments).

* children

Back-in-the-day (here it comes .... ), I have paid up to 50% of my income for a house).

HOWEVER, that was in California (back in the 60s) and ..... the loan was VA backed; I had a wife with a degree in education, but did not work out of the home; we didn't have children; our car was paid off and I had a company car; my school loan was paid off; I had a solid job with excellent medical benefits ........ AND we were content for our home to be our main source of pleasure.

So, if your PITI (principal, interest, taxes and insurance) would be around 20% of your pre-tax income, you would be ahead of the curve.

If you have any other questions ...... just fire away ......


humfrz

[p1l0t]

Originally Posted by humfrz

Yes, although the 28% guideline is a bit conservative in most areas of the US.

A lot depends upon the solidarity of your income stream. If your job (income) is relatively secure and your income is stable, one could go higher.

Going higher than 28% (comfortably), would depend upon primary factors such as.

* a second income (from spouse)

* other monthly payments (like school loans, auto payments, CC payments, etc.)

* other obligations (child support, other debt payments).

* children

Back-in-the-day (here it comes .... ), I have paid up to 50% of my income for a house).

HOWEVER, that was in California (back in the 60s) and ..... the loan was VA backed; I had a wife with a degree in education, but did not work out of the home; we didn't have children; our car was paid off and I had a company car; my school loan was paid off; I had a solid job with excellent medical benefits ........ AND we were content for our home to be our main source of pleasure.

So, if your PITI (principal, interest, taxes and insurance) would be around 20% of your pre-tax income, you would be ahead of the curve.

If you have any other questions ...... just fire away ......


humfrz

Brings a new meaning to PITI party..

Sent from my SM-G920P using Tapatalk

[humfrz]

Originally Posted by p1l0t

Brings a new meaning to PITI party..

Sent from my SM-G920P using Tapatalk

Well, it can be a PITI "party" ....... if one has a variable rate loan, and the interest rate is adjusted upwards; if the taxes increase substantially; if you have a lot of insurance claims and your insurance increases; if you bought on top of a bubble, the bubble pops and you have to relocate, due to a job change ......

But ...... hey, the sky could fall also ......


humfrz

[Cole]

Expansion draft is going nothing like I expected. But damn, there have been some interesting picks and subsequent trades.

[soulreapersteve]

Stupid allergies... hoping they die down once I leave tomorrow.

Damn pollen.

[Teseo]

Originally Posted by soulreapersteve

Stupid allergies... hoping they die down once I leave tomorrow.

Damn pollen.

Use Flonase, very effective without side effects of Benadryl

[soulreapersteve]

Originally Posted by Teseo

Use Flonase, very effective without side effects of Benadryl

I'm down for anything right now. Used Zyrtec for a while but that became less effective. Claritin worked for a couple months but now thats also less effective.

Coworkers said Flonase and the other sprays take 3 days to fully work, was that true in your case?

(Also took Benadryl, didn't realize it makes people drowsy and... almost didn't make it home lol!)

[krayzie]

Try Allegra this works the best for me.

Like WTF it's almost end of June and the weather is still a bit Spring like.

[Cole]

Is anyone in OT from around Duluth? Since I'm working in Thunder Bay for the next little while, I'm considering doing a little trip down that way on a weekend I have off. Need some recommendations for what to do.

[Andrew025]

Originally Posted by soulreapersteve

I'm down for anything right now. Used Zyrtec for a while but that became less effective. Claritin worked for a couple months but now thats also less effective.

Coworkers said Flonase and the other sprays take 3 days to fully work, was that true in your case?

(Also took Benadryl, didn't realize it makes people drowsy and... almost didn't make it home lol!)

I hear crack clears up your sinuses real good and works instantly.

No drowsy side effects.

[Teseo]

Originally Posted by soulreapersteve

I'm down for anything right now. Used Zyrtec for a while but that became less effective. Claritin worked for a couple months but now thats also less effective.

Coworkers said Flonase and the other sprays take 3 days to fully work, was that true in your case?

(Also took Benadryl, didn't realize it makes people drowsy and... almost didn't make it home lol!)

Use 2 pumps each nostril daily to speed up, after 2nd day you will feel better

[krayzie]

Originally Posted by Andrew025

I hear crack clears up your sinuses real good and works instantly.

No drowsy side effects.

Why not wasabi?

[Teseo]

Originally Posted by Andrew025

I hear crack clears up your sinuses real good and works instantly.

No drowsy side effects.

Actually is the cocaine, is a derivative of the Ephedra. Pharmaceuticals use it to produce pseudoephedrine as nasal congestion medice