We are at 52%, about to go down to 48% as DH just got a raise. That is mortgage, taxes and insurance for a 40-year-old 1100 sq ft house we bought last Feb.! It woul be 32% if I were still working. Dh is a teacher, and that percentage is after taxes, union dues, health insurance, retirement and flexible spending. We put a lot into flexible spending this year because of DS's birth (and still we've already used it all!), so come Jan 1, that percentage will lower again, to maybe 45% And DH is getting his master's degree - as soon as he completes that, he gets another "raise", probably by this time next year. So, by the end of 2008, it might be down to ~40%
We have no other debt right now and are striving to keep it that way!
Karen James -- DS (2/07) DD (11/05/10) (9/05) (10/09)