Just wondering how we stack up compared to other forums
As of jan 1, 2022, the answers here are:
13 ppl pay =< 33% of monthly income on rent / property tax
6 ppl pay > 33% of monthly income on rent / property tax
PhD student renting in a big city in Europe. About 35%.
Same…
I wish us the best of luck in the future 😅
Thanks! You too!
I own. I’m absurdly frugal and my personal religion forbids usury. When I married we basically put our incomes together for seven years and came out of it with enough money to buy a nice home outright.
I cannot imagine buying in this market. We purchased just before it all blew up, and even then we considered it an asset bubble.
The whole thing is rigged against anyone and everyone sitting below the top 5%, especially in the southern hemisphere and especially in the USA.
We spend and put aside about 10% of our net income toward the home. Property taxes, utilities, and maintenance.
You forgot about squatting or communal housing (which does not necessarily involve renting or owning).
I live in a half ruined building that I am currently renovating, so I guess you could say I own a home.
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Yeah, it’s not squatting. I am getting too old for that :)
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Some other people were involved from time to time, but due to the remote location and the pandemic it is mostly just me. I am not making much progress to be honest, so it is not exactly a topic I am happy to present at this point in time :-/
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About 15% of my after tax income I guess.
I’m in a regional centre (not a big city) though which makes a rent cheaper.
Edit: turns out, in Australian cities average rent cost is about a third of the average income.
How did you upload a video as a comment?
It’s a gif
The most typical salary in my city (London) is 33k GBP per year. I earn more than that.
My rent is 1150 GBP per month for a 1 bedroom flat in Zone 4, which is considered “the outer suburbs” perhaps, in a nice area. It represents about 40% of my monthly salary. I got offered to buy it for 350k a few years ago, which I did not have the means at all - and still don’t.
About 25% after taxes in Northeast Ohio, USA.
I live in Toronto.
I recently rented for about 1/3 of my post-tax income.
I now own and condo fees, mortgage and property tax are about 1/2 of my post-tax income but currently my partner who lives with me is helping which puts my contribution at about 1/3 again.
Own my own house (when it’s paid off in 2 years) but 11.4% of my income goes to paying it off. Obviously when I bought it that percentage was a lot higher, but as the years pass, the payment basically stays fixed while your income has been going up.
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If a job’s income does not go up over 20 years, that is hardly very sustainable…
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True I was in public service (IT side) and although is not the best, the benefits add up, as does the annual increases over the years (problem is many can’t stick it out that long, especially in public service)…
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Can’t say I don’t cover all the bases ;-)
what field of work are you in?
I’ve retired from work so not in any field of work any more… but when working was in the police and then in IT
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Remember, police do a very wide range of activities - not everyone walks around dressed in blue with a truncheon ;-)
33%, and I have really cheap rent and a decent paying job for the area.
Almost 15%, 3 room apartment in eastern Europe.
Half my income goes to my rent.
It’s ~300€ for rent, with a ~600€ income. Plus ~150€ for utilities, leaving me at an uncomfortable ~150€ to live for a month, which is barely enough to afford food.
But hey, according to American liberals I should rejoice because I live in “socialist Europe”. Lol
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My rent is about 23% of my net income. A nice condo Casablanca.
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