Comments on: Average Family Spends 60% of Income on Housing and Transportation

By: Friday Blog Scan: Things we liked from the week that was | Better Homes and Gardens Real Estate

Fri, 27 Mar 2009 15:52:06 +0000

[...] family spend on housing? TheRealEstateBlogger.com published some shocking facts according to HUD in this post that illustrates where we spend more than half of what we earn. Share and [...]

By: Idaho Land

Idaho Land — Thu, 26 Mar 2009 23:02:39 +0000

Amazing information, but when you think about it, very believable. I wonder how people are expected to feed and clothe their families, not to mention the occcasional outing. Let’s not forgt all the taxes we have to pay for just about everything but the air we breathe, although I’m sure they will figure out a way to do that too eventually.

By: Azoogle Real Estate Signs

Azoogle Real Estate Signs — Wed, 25 Mar 2009 08:10:37 +0000

If I remember right, people used to pay 30% of their living expenses towards housing so even though this 60% number includes transportation, it is still a huge increase.

By: Mark Madsen

Mark Madsen — Mon, 23 Mar 2009 18:57:34 +0000

I wonder what the number is for interest payments on credit cards and other types of loans. Between that and regular living expenses, it is no wonder why people spend over 100% of their annual income.

By: Woodstock real estate

Woodstock real estate — Mon, 23 Mar 2009 01:46:58 +0000

This article is an eye-opener, but it makes sense. Think about what most people’s two biggest payments are. Mortgage and Auto loan. That easily can amount to well over half of most people’s total budget.

By: investment-gan

investment-gan — Sun, 22 Mar 2009 12:25:34 +0000

I am about to commit myself to purchasing a house, as I need one for wedding. And yes, after some calculation, I will spend around 50% of my salary on housing + transportation.

By: Average Family Spends 60% of Income on Housing and Transportation | Kingsport TN Government

Sun, 22 Mar 2009 05:02:21 +0000

[...] Read more via Average Family Spends 60% of Income on Housing and Transportation : The Real Estate Bloggers. [...]

By: Ivan Crago Missoula Realtor

Ivan Crago Missoula Realtor — Sat, 21 Mar 2009 22:45:27 +0000

I know when gas prices went way up last summer, it seemed like everyone was re-evaluating what they could afford to spend on a house. That combined with a slow down in construction and related industry which contributes to roughly 33% of our local economy, job losses and lack of work has hit hard to the point of those housing and vehicle costs being even higher than 60% of income for a large group of people.

By: Portland Real Estate

Portland Real Estate — Fri, 20 Mar 2009 20:47:41 +0000

Sad to think that it is true, but I just did I mental calculation and that seems about right. Most of my money is gone just keeping the roof over my head and food in the kitchen.