(no subject)

[vyvyanx]

I've been considering a poll along these lines for a while, but was prompted to it by the content of my OU maths course recently and by fivemack's recent post.

[Poll #412367]

(If you feel you fall exactly on a boundary, go with the higher number. Give the value for your household if it's too complex to work out as an individual. Any other problems with the wording of the question, please comment :-)

Update If the notion of income doesn't work properly for your situation e.g. you live entirely from savings, overdraft, gifts or similar, then you could calculate housing costs as a percentage of your annual expenditure instead.

Comments

[zotz]

That's not actually the going rate for this part of the world, before you ask.

[aldabra]

(I hope it's going to go down once I'm not renting *and* paying a mortgage, due to this bloody housing market having stalled completely for months...)

[nmg.livejournal.com]

Last month, about 20%. This month, about 70%. Next month, about 50%.

(the joys of housebuying while renting)

[conflux.livejournal.com]

Mind you I pay the mortgage while thekumquat pays the bills so it may be a little less. I was paying 52% but we have just paid off 10K of the mortgage as my company shares did well for a while. London is not cheap.

[sphyg.livejournal.com]

I don't have an income. Um.

[ceb.livejournal.com]

...though if I average over the past year then your scale doesn't go up high enough.

[emperor]

Note that I ignored Council Tax (since the waged-people in our household pay that)

[surje.livejournal.com]

as a caveat i did buy my house when prices were cheap, and i did pay off some of the mortgage with some inheritance. i plan to move house soon and to then be morgaged most of the way up the blade, if not entirely to the hilt.

[ptc24.livejournal.com]

Far greater than 100%, currently. I'm living off savings, and get occasional tenners as gifts, but that's about it as far as *income* goes.

OTOH, if I count my burn rate as a nominal income, then about 30-40% or so, I'd guess.

[vyvyan.livejournal.com]

Presumably you have some source of money coming in from somewhere? Or do you live entirely from savings? I suggest working it out as a percentage of your annual expenditure in such a case!

[vyvyan.livejournal.com]

You mean you paid more in housing than you had coming in during the year? You still must have had other sources of funds available, then, even if they were grants or loans or gifts or savings? As with sphyg above, maybe you could work it out as a proportion of expenditure over the year.

[scy11a.livejournal.com]

I'm extremely lucky in that my move in with Pyro meant that I was able to completely pay off my share of the mortgage : D

However, Pyro's share amounts to around 27% of his net income : (

[ceb.livejournal.com]

Real money in, c. 3.5K
Rent + council tax out, c. 4.5K
Everything else out (food/bills), hard to calculate. 2-3K?
Savings negligible.
Made up for by the elastic house accounting--not so much a loan as a system for generating monetary inertia and letting me lag behind with paying rent.

[vyvyan.livejournal.com]

I guess I'd count that as 60-70% then. I wasn't so much interested in the source of people's income/available money/credit as in the size of the dent housing made in it! (I'd change the word income to something vaguer in the original question if it was possible to alter polls once created.)

[sphyg.livejournal.com]

Entirely savings. Depressing, isn't it? Probably around 75% as I'm trying not to spend much.

[sphyg.livejournal.com]

I still have to pay my share.