The Water Cooler – How Much Do You Spend on Housing?

April 19, 2017 12:00 pm · 33 comments

The “Water Cooler” is a feature on where we ask you a question or provide a topic, and you talk about it.

The “Water Cooler” will be up Monday-Friday at noon.

Today’s question:

Roughly, how much of your yearly income do you spend on housing?

Talk about it….

Simonpure April 19, 2017 at 12:02 PM


Mika April 19, 2017 at 12:11 PM


Jill April 19, 2017 at 12:11 PM

Mortgage is paid in full so if that’s all you’re counting it is $0. Of course there are property taxes, utilities, maintenance, insurance, gardening, etc.

chuckie the troll April 19, 2017 at 12:11 PM

Our mortgage is paid off. Taxes, insurance, utilities, and repairs= About $12K per year, and I maintain the yard and make most repairs myself. So if people are wondering why their rent is so high, they should consider everything which goes into maintaining a home or apartment complex.

Rob U April 19, 2017 at 12:11 PM

Almost 80% when you include utilities! …this is why I’ve been so p*ss*d off lately

AnonZ April 19, 2017 at 12:13 PM

Mortgage alone, about 1/3. If you add PG&E, phones, water, garbage, cable, internet, property taxes, homeowners insurance, etc…… it goes up significantly.

The Mamba April 19, 2017 at 12:36 PM

Mortgage and homeowners’ is around 20%.

😐 April 19, 2017 at 12:44 PM


Anon April 19, 2017 at 12:51 PM

$20k a year on rent alone

anon555 April 19, 2017 at 12:59 PM

A little over 25%.

That’s not counting house upgrades/repairs. I spent well over $20,000 doing stuff to my house last year.

David April 19, 2017 at 1:04 PM

Our rent for a 2br, 2ba, 900-ish SF apt on the Concord/Clayton border is about 2,100/mo after Utes. About the cheapest rent around here for a unit of the size. Where I moved from, I had a 3br house on a private, 800-acre lake that cost me 650/mo in mortgage. So there’s that.

good_fortune April 19, 2017 at 2:05 PM

With mortgage and property tax, in Danville, that comes up to around 23%.

We kept that ratio in check when moving here. We lived in a cheaper town for awhile to save for a big down payment. Fortunately, we bought a first house BEFORE the mortgage boom/bust. We had a good amount of equity when we sold it. With savings, the equity, and exercising some stock options, we put a large down to keep the mortgage ratios in check.

Christina April 19, 2017 at 3:07 PM

$26,400 on rent alone. 32% of my income for a 2 bedroom condo in Concord

mohairs April 19, 2017 at 3:18 PM

Currently 50% of what I net each month goes towards just the rent cost. 🙁 Thankfully still able to save $$, so will buy something small someday in a less expensive area once I get enough nerve to quit my job here.

Anne April 19, 2017 at 3:31 PM

About 22,000 for a 40 year old condo in Walnut Creek that has never been upgraded.

FluffyMcDuffy April 19, 2017 at 4:12 PM

$10,500 a year

Always Right April 19, 2017 at 4:16 PM

Not counting utilities, about $500 a month to cover taxes and insurance for a 2500 sq ft house in a great area. House paid off. Life is good. Thank you prop 13.

The Professor April 19, 2017 at 4:43 PM

The house was paid off in 2014. $300 mo for utilities. $6,000 or so for property tax.

Lizzie April 19, 2017 at 4:58 PM

I pay exactly $6508.49 per year, (not including P G & E) which varies month to month.
My home is paid off and honest to God, my biggest monthly bill is Xfinity. I have co-workers who are paying this monthly. Its mind blowing to say the least.

Bye Bye Bay April 19, 2017 at 5:32 PM

I wouldn’t live in this sesspool of hate, greed, violence and traffic if you gave me a house! I feel sorry for you poor

You Can't Fix Stupid April 19, 2017 at 5:33 PM

Can’t afford to buy in this area. I pay 22.5% of my gross income in rent annually, though after taxes, medical/dental benefits and modest 401k contribution it amounts to nearly 43% of my take home pay. Very discouraging.

Planning to move out of state as soon as I can, though I’m here for a while caring for aging parents who refuse to move. (They own their house so costs are more predictable.)

Roz April 19, 2017 at 5:36 PM

Home paid off in 2003, was a long hard road. We were barely out of high school. So, we are down to P/Taxes, Utilities, & Home Insurance. Now it’s time to invest and up grade kitchen and bathroom, not totally out of the woods.

City Girl April 19, 2017 at 5:41 PM

It sounds like “housing” needs to be defined. For my mortgage and property taxes, I pay 19% of my gross income.

Silva April 19, 2017 at 6:11 PM

It’s a hole in the ground I throw money into. I don’t want know how much.

Shoulda Coulda April 19, 2017 at 6:41 PM

@ chuckie the troll

I hope Mary f – ph who is whining about
her greedy landlord charging her $7,800
per year reads your comments.

WC resident April 19, 2017 at 6:59 PM

The house is paid off and so we are down to property taxes, insurance, etc. I’m really happy with prop 13. For example, I was reading about a family in Ohio this morning. The house is paid off but property taxes are $20,000/year.

I’m surprised and happy at the number of people that are free of a mortgage in this thread. I’d heard that 63% of American families does not even have $500 saved up. Granted, some of those may well own a house free and clear but have zero savings. The 63% handles emergencies by putting the bill on a credit card and then cutting back on trips to Starbucks.

Original G April 19, 2017 at 7:38 PM

@You Can’t Fix Stupid and others.
Took advantage of this and bought Parents house.

“Proposition 58, effective November 6, 1986, is a constitutional amendment approved by the voters of California which excludes from reassessment transfers of real property between parents and children.”
In short you pay property taxes your Parents would pay.

Current house payment and annual property taxes are 22% of my gross income.

Mr. Concord April 19, 2017 at 8:14 PM

About 20% gross.

Bye Bye Bay – If you hate the bay area so much and have moved why are you reading/posting here? I’d love to know what utopia you live in now, my guess is you live here and just like complaining, like most of the commentators on this site.
As with every place on earth, the Bay has its flaws but its one of the best places to live in the US and I’ve lived all over. There’s a reason prices are so high, because lots of people want to move here! Want cheap, move to Montana and find out why they only have 6 people per square mile.

Critic April 19, 2017 at 10:56 PM

41% of take home pay.

Old Guss April 20, 2017 at 9:35 AM

@Mr. Concord….maybe Bye Bye Bay has something called the internet and she still likes to tune into news around here? Could be that she lives in the central valley, or up north or even out of state…maybe she is really smart and moved to Canada where people are not stuck up a-holes.

Bay are is the best area? Try using past tense instead, bro. With the traffic issues, bart delays, pot holes on every highway and government mismanagement of funds, it is a far cry from best place to live on earth.

Nada April 20, 2017 at 10:42 AM

$0.00…. I live in a 1 bedroom condo I built under a bridge in Concord.

Mr. Concord April 20, 2017 at 10:44 AM

Old Guss – Thanks for proving my point that people on here just like to complain. You’d be exhibit #1.

Jack's Fan April 20, 2017 at 4:57 PM

25% of gross income for rent alone. Total housing costs are much higher if you include utilities, etc.

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