According to ATTOM data solutions, right now the average household is spending upwards of 35% of their gross income just on their mortgage, taxes and insurance. Which obviously does not include any other cost of running a household like utilities, surprise expenses, or repairs, renovations, etc. And since this figure is based on gross income, people are likely spending well over 50% of their take-home pay just to maintain their houses now. This is the highest level we’ve seen since 2007 before the housing market took a nosedive.