What is your house square footage / net income ratio?

[TexasHusker]

My house is 3500 sq ft +/-, equating to roughly 1 percent of our annual income (+/-) in dollars. When we bought it in 2000, it was more like 3% of annual income.

[Singuy]

My house is 3500 sq ft +/-, equating to roughly 1 percent of our annual income (+/-) in dollars. When we bought it in 2000, it was more like 3% of annual income.

Not sure what this exactly measures besides fun and games...

4400sqft, 1.1%

[MonkeyMama]

2.6% - same now as when we bought in 2001.

There was very little difference in price for additional square footage. I mean, we paid $200 per SF for first home. Extra square footage on second home was only a $38 per SF premium, just for reference. (Otherwise we'd have a much smaller home).

[Fishindude77]

Primary house is about 1600 SF. Income varies wildly year to year, but 1% or less.

[corn18]

1.7% when we bought it in 2008
0.7% now

Another stat:

House payment as percentage of monthly income:

2008 = 14.6%
2016 = 6%

This ratio can be controlled by either reducing/eliminating the house payment or increasing income. I did the latter and hope to do the former.

[phantom]

Weird question dividing square feet by dollars... But, we're at almost exactly 1% right now.

[scfr]

1.7% if using total house square footage.

1.5% if you deduct the dedicated business office. (DH runs his business from home. If he worked outside the home we would have bought a smaller house. And when he retires, we will downsize.)

[Joan.of.the.Arch]

1.6 %

But I don't see the usefulness of this. Weird.

[rennigade]

What is the meaning of this thread? Are we just making stuff up now for the fun of it?

[disneysteve]

If I'm understanding the question correctly, we're at about 1.3%. It seems like everyone so far is in that same general vicinity of 1-2%.

Is there any point to that number?

[TexasHusker]

If I'm understanding the question correctly, we're at about 1.3%. It seems like everyone so far is in that same general vicinity of 1-2%.

Is there any point to that number?

Looks like 1-2 percent is about the average. I was just curious. Reportedly, Warren Buffett lives in a modest home of around 2200 square feet, and I'm pretty sure he makes a lot more money than most of us.

[Singuy]

Looks like 1-2 percent is about the average. I was just curious. Reportedly, Warren Buffett lives in a modest home of around 2200 square feet, and I'm pretty sure he makes a lot more money than most of us.

In order for Buffett to hit 1%, with a salary of 100k/year, that house will needs to be 1000 squareft..so he is hitting 2%..what a money waster

If it's 1% of his net worth, then the house needs to be 66million squareft..which is 2.2 square miles..lol

[dawnwes]

Hmmmmm......having a hard time calculating net income. We have way to much allocated to various funds before we even get the check. Savings, home equity line payments, IRA accounts, health insurance, etc......

And would you include our basement?

With what I *think* is our net and including the basement (additional 1000 sq. ft.), it comes to 3%.

[dawnwes]

2.6% - same now as when we bought in 2001.

There was very little difference in price for additional square footage. I mean, we paid $200 per SF for first home. Extra square footage on second home was only a $38 per SF premium, just for reference. (Otherwise we'd have a much smaller home).

We sold our last house for $400 per sq. ft. in SoCal. Crazy. Here in NC, we paid about $100 per sq. ft.

[disneysteve]

I did base my answer on gross income, not net.

I don't really calculate anything based on net income. It's all based on gross.