Question for all: How many own their own homes?

[Myrtle]

....or to flesh it out a bit more:

Does anyone know where to get accurate information on how many primary residences are owned OUTRIGHT by their occupants?

Virtually everyone lives somewhere.

Whether they rent or own, what I'm interested in identifying is how many of us currently spend a portion of our income on primary housing expenses (rent, mortgage, etc.) vs. how many do not.

[Howard Treesong]

I currently rent, although we will buy a house shortly (w/in 90 days). I haven't decided how much of it we will own, but it's safe to say that it will be 75% or north.

[registrar]

I'm on an interest only mortgage so, um, no.

[KJS]

I live in Seattle. Housing prices here are outrageously high for what you get, IMO. I am married with no kids and never having any. I value living in the city for what it offers me culturally so when I say things are expensive, I am not talking about places 25 miles from dowtown. Although, IMHO, I think they are overpriced too.

I rent. My rent is 12% of my monthly income.

KJS

[Wires]

Wife and I mortgage/own a home (4 bedroom, 2 story, 2200 sq ft) just outside of Toronto - no children. Mortgage payment is 8% of combined monthly income. We own about 40% of the home.

[Patrick del Poker Grande]

My wife and I are riding the mortgage train for something like 15-20% of our income.

[Zeno]

[ QUOTE ]
....or to flesh it out a bit more:

Does anyone know where to get accurate information on how many primary residences are owned OUTRIGHT by their occupants?



[/ QUOTE ]


The U.S. Cenus Bureau Cenus Bureau may have information on the above or perhaps some real estate or large home lending organizations.

-Zeno

[cbloom]

[ QUOTE ]

I rent. My rent is 12% of my monthly income.


[/ QUOTE ]

Wow, do you have a roommate? You either found really cheap rent or make a [censored] ton of money. I make a lot of money and pay around 20% in rent and don't really live in an outrageous place.

[cbloom]

BTW for a clear sign of the sickness in the US, I live in SF and rent. My mom is a school teacher in Texas and owns 3 houses. They rent for more than her mortgage payment. If I bought the place I live my mortgage payment would be like 3X the rent.

[Jingleheimer]

[ QUOTE ]
If I bought the place I live my mortgage payment would be like 3X the rent.

[/ QUOTE ]

? I don't see how this could possibly be true. Are you talking about the rent from 1 apt and the mortgage for the whole building?