HawthorneVillager.com

Just a curiosity question. What is the maximum percentage of your monthy net income should a mortgage account for? All the doom and gloom of todays media has me at least considering scenarios in my head.

Personally, I think we got a pretty good rate for a 5yr variable, went through some stress tests (eg. ability to carry the mortgage at a theoretical rate of up to 7.5%), but you just can't help but think about the future!

What was in today's media?? I haven't bothered to check...

Personally, I never measured as percentage of income, just for me, $200K was my first mortgage, then when we moved, we combined some stuff and ended up with $230K. Now, 5 years later, we are $160Kish. I think if I had to stomach any more then $250K, I'd feel sick, but that's me personally...