balderdash to [email protected] • 10 months agoThe rent is too damn highlemmy.zipimagemessage-square86fedilinkarrow-up1917arrow-down125
arrow-up1892arrow-down1imageThe rent is too damn highlemmy.zipbalderdash to [email protected] • 10 months agomessage-square86fedilink
minus-square@[email protected]linkfedilink8•10 months agoUntil a decade ago, the rule of thumb was never spend more than 20% of your salary on rent. Then it changed to 25%. Now everyone’s saying 33% like there’s some sort of thought behind that number other than “We want more of your money”…
minus-square@[email protected]linkfedilink1•10 months ago33%? For the last 5 years I’ve been paying closer to 45-50%. That’s not counting power bills, which cost several times more than in the US.
Until a decade ago, the rule of thumb was never spend more than 20% of your salary on rent. Then it changed to 25%. Now everyone’s saying 33% like there’s some sort of thought behind that number other than “We want more of your money”…
33%? For the last 5 years I’ve been paying closer to 45-50%.
That’s not counting power bills, which cost several times more than in the US.